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How do you call this an analysis? This is pretty blatant political polemic. It isn't an "analysis" but a rant. The Greeks lied about their financial condition
by jboydyhacker 11y ago
How do you call this an analysis? This is pretty blatant political polemic. It isn't an "analysis" but a rant. The Greeks lied about their financial condition in an effort to support a pension system that lets people retire far earlier than the rest of Europe. Bring the pension system and other spending in line in exchange for some haircuts on the debt- that's the fair answer. Not this crud about how the other European countries "betrayed" Greece. Man that' some offensive nonsense.
- the_why_of_y 11y ago> The Greeks lied about their financial condition in an effort to support a pension system that lets people retire far earlier than the rest of Europe. This is incorrect: the average age of retirement in Greece is not lower than every other country in the EU; in fact for men it is exactly the same as in Germany. http://www.keepeek.com/Digital-Asset-Management/oecd/finance-and-investment/pensions-at-a-glance-2013/effective-age-of-labour-market-exit_pension_glance-2013-10-en#page4 http://www.keepeek.com/Digital-Asset-Management/oecd/finance... If you want to make the case that an EU country needs to raise its retirement age, make it for Belgium or France.
- peterfirefly 11y agoThe retirement age a country can afford depends to a large extent on the productivity of the workers in that country. (And of course it is too low in Belgium and France. Everybody knows that. Doesn't change the fact that it is /way/ too low in Greece.)