The European Commission has been studying figures sent by the Greek government concerning Social Security Funds. The specific committee gathering studies from member states is looking at the credibility of Greek statistics and is seeking more information from the Greek Ministry of Labour, Social Security and Welfare. The committee is gathering info concerning pension funds in relation to GDP and wants more information concerning the methodology used by Greek actuaries that need to be fully co-ordinated with new international guidelines.

The figures that are to be released in Brussels by the end of November will be pivotal to negotiations between the Greek government and its international creditors, especially concerning the amount of pressure to be exerted regarding social security funds.

The actuarial studies concern data from 2009 through to 2060 with future studies examining various scenaria, such as the case of unemployment not subsiding over the coming years.

Labour Minister Giannis Vroutsis has been encouraging regarding the results of the actuarial studies, however sources state that the studies show a dramatic reduction to the revenue from funds after a five-year period.