The Social Security Foundation (IKA), Greece’s largest pension fund, has decided to take short term loans worth €360 million in order to pay June’s pensions to its members, financial site enikonomia.gr reports.

Local government and other public entities' cash reserves transferred to Bank of Greece as a result of a recent legislative act come to 600.3 million euros, government spokesman Gavriil Sakellaridis said on Tuesday.

The Chief of the Staff of the Armed Forces (and artillery officer) Gen. Michalis Kostarakos and senior artillery officers attended the official reception of the sacred relic of the Martyr St. Barbara.