Saturday, March 6, 2010

What's the difference between Greece and Germany?

Germans retire at age 67 with a pension at 43% of their salary; Greek workers retire at 61 at 97% of their salary:
So it shouldn’t be any surprise that Germans are infuriated at the thought of having to stump up for a rescue of Greece’s Augean state. Their own economy is faltering. They have held back labor costs for years. They have, often painfully, maintained budgetary discipline. That’s not the way it’s been in Greece. With Greek government debt at 125 percent of GDP, a budget deficit of 12.7 percent....

No comments:

Post a Comment