Pension costs in Greece to increase by more than 20% of GDP


GREECE - The cost of public pensions in Greece is estimated to rise by more than 20% of gross domestic product by 2050, according to the latest report by the Organisation for Economic Co-operation and Development (OECD).

n the Economic Survey of Greece 2009: Enhancing fiscal viability, the OECD said there are a number of options for reform, including the use of notional accounts, similar to what is used in Italy an...

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