10 Facts About The Greek Pension System Destroying Any Hope Of A Bailout

Woman Greek

Greece is struggling to get the EU and IMF to agree to bail them out, because Germany is opposed to the country getting aid when they haven’t made serious cuts to their public spending.

One of the biggest issues is the Greek’s gluttonous pension system, which hands out money much more freely to the retired than the German system. Populist German newspaper Bild is making a big deal over this diparity.

Looking at the numbers, you can see why the Germans are so jealous of the Greeks, they get much more money more quickly than they do.

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[slide
permalink=”years-of-work-to-earn-a-full-pension-greece-35-germany-45-1″
title=”Years of work to earn a full pension; Greece: 35 Germany: 45″
content=”Source: Bild.de
image=”http://static.businessinsider.com/image/4bd6f1ac7f8b9ad539860000/image.jpg”
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[slide
permalink=”proportion-of-wages-as-pension-greece-80-germany-46-2″
title=”Proportion of wages as pension; Greece: 80% Germany: 46%”
content=”Source: Bild.de
image=”http://static.businessinsider.com/image/4bd6f2e47f8b9a013a640000/image.jpg”
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[slide
permalink=”number-of-pension-payments-a-year-greece-14-germany-12-3″
title=”Number of pension payments a year; Greece: 14 Germany: 12″
content=”Source: Bild.de
image=”http://static.businessinsider.com/image/4bd6f3377f8b9a222dee0000/image.jpg”
caption=””
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[slide
permalink=”pension-increase-2004-greece-3-germany-0-4″
title=”Pension increase 2004; Greece: 3% Germany: 0%”
content=”Source: Bild.de
image=”http://static.businessinsider.com/image/4bd6f3517f8b9add2ce20200/image.jpg”
caption=””
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[slide
permalink=”pension-increase-2005-greece-4-germany-0-5″
title=”Pension increase 2005; Greece: 4% Germany: 0%”
content=”Source: Bild.de
image=”http://static.businessinsider.com/image/4bd6f3e07f8b9ab3212a0100/image.jpg”
caption=””
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]
[slide
permalink=”pension-increase-2006-greece-4-germany-0-6″
title=”Pension increase 2006; Greece: 4% Germany: 0%”
content=”Source: Bild.de
image=”http://static.businessinsider.com/image/4bd6f36b7f8b9a132cfb0500/image.jpg”
caption=””
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[slide
permalink=”minimum-payment-greece-450-germany-600-7″
title=”Minimum payment; Greece: €450 Germany: €600″
content=”Source: Bild.de
image=”http://static.businessinsider.com/image/4bd6f24b7f8b9a982cb20300/image.jpg”
caption=””
credit=””
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]
[slide
permalink=”maximum-payment-greece-2538-germany-2100-8″
title=”Maximum Payment; Greece: €2538 Germany: €2100″
content=”Source: Bild.de
image=”http://static.businessinsider.com/image/4bd6f2937f8b9a0921210200/image.jpg”
caption=””
credit=””
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]
[slide
permalink=”minimum-pension-age-for-men-greece-65-germany-65-67-9″
title=”Minimum pension age for men; Greece: 65 Germany: 65-67″
content=”Source: Bild.de
image=”http://static.businessinsider.com/image/4bd6f1e17f8b9aee20720300/image.jpg”
caption=””
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[slide
permalink=”minimum-pension-age-for-women-greece-60-germany-65-67-10″
title=”Minimum pension age for women; Greece: 60 Germany: 65-67″
content=”Source: Bild.de
image=”http://static.businessinsider.com/image/4bd6f1f47f8b9ac6399c0000/image.jpg”
caption=””
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]
[slide
permalink=”average-pension-entrance-age-greece-624-germany-632-11″
title=”Average pension entrance age; Greece: 62.4 Germany: 63.2″
content=”Source: Bild.de
image=”http://static.businessinsider.com/image/4bd6f2037f8b9a042d4f0000/image.jpg”
caption=””
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]
[slide
permalink=”think-the-pension-situation-looks-bad-see-how-awful-the-greek-debt-situation-is-12″
title=”Think The Pension Situation Looks Bad, See How Awful The Greek Debt Situation Is”
content=”Here Are The Awful Numbers That Show Why Bailing Out Greece Is Mission Impossible >
image=”http://static.businessinsider.com/image/4bd5a1047f8b9abc6fa50000/image.jpg”
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