Greece pressured to cut pensions further

Pensions now make up 17 percent of nation's economy, and they have become a safety net for society as a whole.

    Pensions now make up 17 percent of Greece's economy, and they have become a safety net for society as a whole.

    At $18bn this year, they are also the government's biggest expense, despite being cut by half to an average of $900 a month per person. However, there simply are not enough contributions coming in to pension funds because a quarter of Greek workers are unemployed.

    Al Jazeera's John Psaropoulos reports from Athens, Greece.

    SOURCE: Al Jazeera


    YOU MIGHT ALSO LIKE

    How different voting systems work around the world

    How different voting systems work around the world

    Nearly two billion voters in 52 countries around the world will head to the polls this year to elect their leaders.

    How Moscow lost Riyadh in 1938

    How Moscow lost Riyadh in 1938

    Russian-Saudi relations could be very different today, if Stalin hadn't killed the Soviet ambassador to Saudi Arabia.

    The great plunder: Nepal's stolen treasures

    The great plunder: Nepal's stolen treasures

    How the art world's hunger for ancient artefacts is destroying a centuries-old culture. A journey across the Himalayas.