The socialist government said it wanted to increase the average retirement age from 61 to 63 by 2015.
GREECE: The European Union has warned Greece that within five years it will face a problem due to increased aging of its population. With one of the lowest birthrates in the EU, its population of 10 million is rapidly aging. Experts say Greece must begin dealing with the problem before 2010, when costs for pension are expected to skyrocket. Under the current system, the basic retirement age for men is 65 and for women it is 60.
Greece will be okay if they raise import tariffs. A 100% tariff should work fine.
Hmm . . . I’m gonna’ have to pull that FT out of my car. It’s from Feb. 13/14th, I just read it over lunch (I’m a slacker).