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Greece is pressured to cut or reduce the pension benefits soon. Pensions now make up 17 percent of Greece’s economy, and they have become a safety net for society as a whole. This year the total pension to be given has reached $18bn and this became government’s biggest expense. The very fact is that a quarter of Greek workers are unemployed and there lacks a big source of contribution to the pension funds. So to keep the economy in equilibrium, Greece is under pressure to cut the pension.

Original Article