Channel Four exposes Greek "economics"

harryhound

How about retiring at 54 with a 90% pension from a hazardous job:

Ladies Hairdresser.


or be a civil servant and leave your pension to your unmarried daughter?

gailey_2

Very interesting.

Its going to be a hard job for

greeks to trust their politicains
pay their taxes
erradicate corruption
scale down their public sectors

The fact the austerity hitting ordinary people and not companies, richest is shocking and may well be their downfall in doing what eu wants it to do.

wymondham

sounds great, does rightmove cover greece?

Bogart99

harryhound wrote: »

How about retiring at 54 with a 90% pension from a hazardous job:

Ladies Hairdresser.


or be a civil servant and leave your pension to your unmarried daughter?

Yes the latter is mind boggling.

pqrdef

So while the Germans thought they were taking over Europe, the Greeks thought they were quietly enslaving the Germans. Priceless. It'll be interesting to see who won.

SailorSam

All the people taking part thought it was a good thing to be receiving all the extra bonuses and cash payments to avoid the taxman until they wanted their car fixed or planning permission and they realised the garage and planning officer wanted their 'bung' in a little brown envelope.
Did you hear them say it cost that much to run the railways it would have been cheaper to send all the passengers by taxi.

Radsteral

i had a flatmate here in london studying to be a tv reporter...and she studied hard.....
till suddently she found the first available ticket to thesaloniki and disapeared without kissing me goodbye( we had kissed way too muchthe last few months

i get an invitation for a big party 2 weeks latter

apparently , she had recieved a post at the local council and it was a big big party ..
jobs for life as they call it

OptionARMAGEDDON

Ah well, think she might be coming back soon when the cuts lay her off!

Thrugelmir

gailey wrote: »

The fact the austerity hitting ordinary people and not companies, richest is shocking and may well be their downfall in doing what eu wants it to do.

Austerity measures aren't a question of choice. The welfare systems of the majority of Western Europe are unaffordable. As the population continues to age, the cost of pension and health provision will have to be funded increasingly by people themselves. As there won't enough working people paying tax to foot the bill.

Linton

Thrugelmir wrote: »

Austerity measures aren't a question of choice. The welfare systems of the majority of Western Europe are unaffordable. As the population continues to age, the cost of pension and health provision will have to be funded increasingly by people themselves. As there won't enough working people paying tax to foot the bill.

Sorry, I dont buy that. Look at it from a high level system point of view. In the future there will be n people working for say 2-3n people not working. So the issues will be whether the workers can both produce the goods and care for the non-workers, and the relative proportions of total consumption between the two groups.

IMHO whether costs are managed by people saving or being taxed really doesnt make a lot of difference in the end. Workers either pay for their own future consumption or pay for the non-workers current consumption - it's a book-keeping matter.

CLAPTON

Linton wrote: »

Sorry, I dont buy that. Look at it from a high level system point of view. In the future there will be n people working for say 2-3n people not working. So the issues will be whether the workers can both produce the goods and care for the non-workers, and the relative proportions of total consumption between the two groups.

IMHO whether costs are managed by people saving or being taxed really doesnt make a lot of difference in the end. Workers either pay for their own future consumption or pay for the non-workers current consumption - it's a book-keeping matter.

my goodness

so ther is a second person (well three including a reluctant Generali) that knows that there is not much difference between funded and unfunded pension schemes)