"Without a new pension system, we cannot have stability," Finance Minister Euclid Tsakalotos on Monday said during a book presentation in Athens.

Considered to be the most important meeting of the world’s Orthodox Christian bishops in over a thousand years, the Great and Holy Synod which was to convene at the headquarter city of the Ecumenical Patriarchate of Constantinople in Istanbul, Turkey, is being relocated to Crete, citing geopolitical concerns.

Works are set to get under way across the network of 14 regional airports that Frankfurt-based transport company Fraport took over late last year in a privatization deal that brought a total of 1.2 billion euros to Greek state coffers.

Greek seamen have launched another two-day strike this week, meaning that all ferry boats will stay tied up at port from 6 a.m. Wednesday until 6 a.m. Friday.