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> although the resulting benefits are then subjected to the cuts applied to pensions in payment So, the cuts still apply, partially, even to the people who are
by gonvaled 11y ago
> although the resulting benefits are then subjected to the cuts applied to pensions in payment
So, the cuts still apply, partially, even to the people who are retiring early.
And anyway: you are a worker, having compromised to work for a meager salary because you know that at least you are going to retire early. You work 30 years and have nothing to show for it, but the promise of an early retirement. That is the deal you have signed, the deal you have been promised: "you will work for free (nearly), in exchange of retiring early".
And now, they are supposed to accept a retroactive contract change? I would also not accept it.
If you are going to break deals, why not break the debt deal? Restructure the debt, and start from zero. Maybe that means you need to leave the Euro, and maybe that is good for you.
- Arnt 11y agoIt's always possible to renege on a loan. The next problem then is that if you want to borrow again later, you have to find a persuasive argument that you won't default again. "We've changed, really we have" and so on. Worked for the Germans, who had changed, and I think it would work for the Greek if they were able to cut pension costs enough, reduce corruption, clean up taxation and generally pull off reforms.