Pension Bill to Be Submitted before May

Friday, 16 April 2010 15:21

loverdos_55The pension bill will be submitted to Parliament before the crucial EU test in May and after it has been assessed by the European Commission, said Employment Minister Andreas Loverdos after a cabinet meeting, where he unveiled the key provisions of the bill. The key changes have to do the retirement age and the merging of pension funds. Reactions by Opposition Parties-GSEE

Main opposition New Democracy party blasted the government for clumsy communicative handlings, while KKE (Greek Communist Party) spoke of a crime against the working class.

“Mr Loverdos is wrapping up the devastating planning carried out by the PASOK and ND governments ever since 1990. The government, having accepted the directives by the European Commission, the International Monetary Fund and the European Central Bank, cynically violates even the EU treaties whereby the member-states shape their social policy.

The public pension system is being undermined. The pensions and the security rights are being chopped off. The pension cuts, if they take effect, could stand at 30%. Much more years of work will be required for much less pensions,” read an announcement issued by SYRIZA (Coalition of the Radical Left).

GSEE (Greek General Confederation of Labour) head Giannis Panagopoulos blasted the policy suggested by EU Commissioner for Monetary Affairs Olli Rehn and the neo-liberals of the EU.

Panagopoulos noted that it was the policy suggested by Olli Rehn and the EU neo-liberals that brought Greece and Europe to such a lousy situation. The private sector does not generate deficits, its employees are not paid well and insurance is lame, added he.

Source: NET, NET 105.8


Posted on 2010/04/16, in The World Today and tagged , , , , , . Bookmark the permalink. Leave a comment.

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