Does anyone know what is the old age pension rate?
In most EU countries there is no fixed, flat-rated pension, as pensions are linked to previous wages.
Ireland is unique, or one of very few countries, that has a flat-rated pension of 230.30 per week.
I think we might all be better off if Greece were encouraged out of the Euro.
We would probably have to write off €300 billion of debt, but we are probably not going to get it back anyway. So it's just a question of recognising it. There is no point in lending Greece €4 billion so that they pay back €4 billion.
A new currency would force austerity on them. They would have no choice but to do what is necessary. (We would never have been able to politically choose austerity in this country had the Troika not been here to enforce it.) It would be painful but it probably would make them more competitive in the longer term.
And we should not have all the Prime Ministers and Finance Ministers and Central Bank governors spending such a huge proportion of their time on Greece.
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