The Prospects of Greek Pensions Under the Debt, Fiscal and Employment Crisis

Abstract

Die deutsche Version dieses Artikels finden Sie unter: http://ssrn.com/abstract=2424071

The present paper analyses the prospects of the Greek pension system in the context of the current debt, fiscal and employment crisis. In understanding the current state of the Greek pension system, the paper starts with a presentation of the major reform initiatives undertaken since the early 1990s, then proceeds by examining the measures taken since the crisis and which have been part of the financial assistance provided by the EU, ECB and the IMF and concludes with a preliminary assessment of the latest reforms and a discussion of the challenges which lie ahead.

Keywords: Pensions, Greece, Debt crisis, Fiscal crisis, Structural Reforms, Employment

JEL Classification: H55, I28, I31