Pensions in Greece minimized by 30%

Greece was the only one of the countries facing serious cash flow problems to undertake drastic measures in order to reform its insurance and pension systems, stressed the authors of an article published by Reuters in regard to the pension crisis in Southern Europe. Pensions in Greece have been minimized by 30% since bailout, says the article. The article was to explain the “violent” disruption, as a result of the crisis, of a common to Southern European countries like Spain, Italy and Greece, practice of the elderly providing financial help to younger generations.

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