Why Germany Does Not What To Bail Out Greece..

Currently retirement age for public employees in Germany is 67… Vasia Veremi may be only 28, but as a hairdresser in Athens, she is keenly aware that, under a current Greek  law that treats her job as hazardous to her health,  she has the right to retire with a full pension at age 50.

Perhaps not, but it is still difficult to explain to outsiders why the Greek government has identified at least 580 job categories deemed to be hazardous enough to merit retiring early — at age 50 for women and 55 for men.

Greece’s patchwork system of early retirement has contributed to the out-of-control state spending that has led to Europe’s sovereign debt crisis. Its pension promises will grow sharply in coming years, and investors can see the country has not set aside enough to cover those costs, making it harder for Greece to borrow at a reasonable rate.

As a consequence of decades of bargains struck between strong unions and weak governments, Greece has promised early retirement to about 700,000 employees, or 14 percent of its work force, giving it an average retirement age of 61, one of the lowest in Europe.

The law includes dangerous jobs like coal mining and bomb disposal. But it also covers radio and television presenters, who are thought to be at risk from the bacteria on their microphones, and musicians playing wind instruments, who must contend with gastric reflux as they puff and blow.

I wonder if  nail technicians in Greece are included………..Those cuticle clippings can be hazardous..

 

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