Greece. Private sector shouldering the burden, industrialists say
The union of Greek industrialists (SEV) has painted a dire picture of the state of the Greek pension system, saying basically that it is running on empty, and that the country’s beleaguered private sector has taken on a disproportionate share of the burden to support pensioners and the public sector.
Given Greece’s low birth rates and rising life expectancy, the pension system is set to come under immense pressure in the coming decades.
In its weekly report published on Thursday, SEV said that each private sector worker supports 2.8 people who are either unemployed or work in the public sector.
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