Greece pressured to cut pensions further | Greece News | Al Jazeera

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


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