Reuters: Greece to cut pensions over 1,200 Euros per month by 20%

Reuters ^ | Sept. 21, 2011 | Staff

[library user]

Reuters: Greece to cut pensions over 1,200 Euros per month by 20%

Just a headline for now.

Gotta be a lot of people collecting more than 1,200 Euros per month. My guess is that if the rioting hasn't started (again) it will shortly.

[Lancey Howard]

The socialists have run out of other people’s money.
Just like here in America.

[Dr. Ursus]

Fifty year old retirees forced to return to work!

[Scott from the Left Coast]

The Acropolis may not be long for this world.

[BfloGuy]

Unfortunately, all of the savings from this new austerity will go only to pay debt -- it won't be returned to the private sector where it might help business expand. Taxpayers will see no benefits from lower government spending, so the economy will continue to shrink.

Greece must default unless the EU is willing to inflate the Euro to the point of worthlessness. And it still may do that.

[ZX12R]

Fifty year old retirees forced to return to work!

LOL!

[muawiyah]

Rethink that. Youts' were doing the rioting. The government's response is to cut pensions.

Where are the pensioners?

[RightGeek]

Fifty year old retirees forced to return to work!

It's really unkind of the Germans not to support the Greek leisurely lifestyle

[Soothesayer9]

I feel a bit sorry for the fifty+ seniors that will have to look for a job. Its hard enough when your 35. Cant imagine the hell of looking when your approaching retirement age (whatever that will be...it wont be 50 anymore!)

[EyeGuy]

“Fifty year old retirees forced to return to work!”

####

It should happen to the thousands of teachers, firefighters and “disabled” here.

[Spartan79]

Coming to a California near you.

[Arkansas Tider]

I plam to retire next year at age 44.

[Signalman]

Here come the riots.

[jimmyo57]

“Where are the pensioners?

They’re paying the youts to riot for them!

[Plutarch]

Here come the riots.

But its young men who riot. The pensioners are retired from that.

It is why we won't have riots in California. Those the State are supporting (welfare, State workers, Medi-Cal, IHSS, etc), are fat females. They don't have enough gumption to riot, or even do a decent street protest.

[familyop]

"I plam to retire next year at age 44."

Good! Learn a lot about solar energy (and other topics of self-sufficiency), and find a place in the middle of peaceful nowhere. The economy is going to completely crap sometime in the near future, and I'd rather let city folks have all of the excitement. Bet you'll be glad to get away from demo ranges (see my tagline). Boring!

[cornfedcowboy]

Here come the riots.

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I agree with your sentiment but actually there is no need to riot. Greece also passed dramatic property tax increases that need to be collected very soon(like November or so).
The Greeks cannot pay the tax whatsoever. No money for the govt means default for the currency and depression for the country. Riots won’t make a lick of difference.

[cornfedcowboy]

Fifty year old retirees forced to return to work!

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Finding a job is the rest of the story, and it doesn’t end well.