IMF argues case for further reform of pension system

EconomyProgramme Tags: IMF, Pensions
Photo by Panayotis Tzamaros/Fosphotos
Photo by Panayotis Tzamaros/Fosphotos

One of the issues discussed in a recent International Monetary Fund paper deals with the Greek pension system and notes that the most recent reform goes in the right direction since it removes some distortions and reduces the overall pension cost.

However, the Fund stresses that it falls short of making the pension system affordable and creating strong incentives for work and contributions and it is subject to large implementation risks. Thus, on top of full implementation, the government should ...

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