Sure, you can only make the pension payments you can afford, but if a high proportion of Greek pensioners are already struggling (nearly half), wouldn't it be b

Sure, you can only make the pension payments you can afford, but if a high proportion of Greek pensioners are already struggling (nearly half), wouldn't it be better all round to look to other areas of the economy to find money? Furthermore, increasing the retirement age buys you time to reform the economy by temporarily slowing the number of new retirees. Pension reform is almost inevitable, but let's not punish those who are already struggling on their current pension, let's reform it for later generations, making it clear that private savings will be an essential component of future pensions, giving those affected time to save (once the economy returns to growth).