They have a few problems
Some facts about the previous Greek pension system:
• The average Greek pension equates to 95% of your final salary, compared to an average 40% for Europe
• Employees could retire and get the pension at age 55 if their occupation was deemed arduous.
• Hairdressing was deemed an arduous profession
• Greece has the highest number of 110 year olds in the world, as families would keep claiming pensions of dead relatives
Some other facts about Greece public spending:
• Greece has four times the number of teachers compared with Finland yet Finland ranks at the top of the education tables with the Greeks are at the bottom.
• Greek teachers are better paid than Finnish teachers
• Over 25% of Greeks in employment are government employees
• The average wage for train workers is €66k
• The Institute for the conservation of the Kopias Lake employed 1763 people, and the lake that has been drained since 1930
• Redundant workers have to get paid at least two years salary
By 2060 it is projected that 86% of the population will be dependent on the state
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