Further cuts in pensions are expected to cover part of the 325 million euro gap in the 3.3 billion euros of extra budget savings this year which the EU and IMF are demanding in exchange for a new bailout of 130 million euros, Kathimerini understands...Greece's chickens, as our favorite racist pastor might say, are coming home to roost.
Though exact cuts in pensions were not announced, it is widely understood that part of the 325 million needed will be raised from further reductions in pensions
Thursday, February 16, 2012
Grandpa Antigonos Better Get Used To Eating Cat Food
Those "investments" in universal health care, government union salaries and assorted social programs didn't pay off. Grandpa's going to have to cover some of the losses.