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Central bank chief rejects opposition call to restore 13th pension as ‘madness’
GR🏛️ PoliticsCenter10 hr. ago

Central bank chief rejects opposition call to restore 13th pension as ‘madness’

Greece's Bank of Greece Governor Yannis Stournaras dismissed a proposal by the socialist opposition party PASOK to reinstate a 13th pension for public sector retirees, calling the idea 'madness.' Stournaras argued that reintroducing the pension bonus, which was abolished during Greece's financial crisis, would be fiscally irresponsible due to limited fiscal space. He emphasized the need for permanent funding sources for new benefits and highlighted existing spending limits under the Stability and Growth Pact. While acknowledging Greece's economic recovery as a 'miracle,' Stournars also noted ongoing challenges and pointed to the country's resilience compared to other nations during the debt crisis.

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2 reports

ekathimerini.com logoekathimerini.comIndependentProgressive10 hr. ago
The 13th pension payment conundrum

The article discusses the political implications of PASOK's proposal to reinstate the 13th pension payment in Greece, highlighting concerns about fairness and fiscal responsibility. It notes that the measure applies to all pensioners, including high-income individuals and those with multiple pensions, raising questions about targeted support. The piece argues that pensioners represent a politically influential group due to their voting power and suggests alternative approaches to address financial hardship, such as reducing private healthcare costs. It critiques the lack of meaningful distinction between political parties' strategies, implying a broader issue of clientelism.

Bias read (Progressive): The article frames the political strategy around supporting pensioners as a tactic to secure votes, suggesting that parties prioritize this group due to their influence. While it criticizes the lack of differentiation between political parties, it implies that left-leaning parties might be more atty

ekathimerini.com logoekathimerini.comIndependentConservative2 days ago
Central bank chief rejects opposition call to restore 13th pension as ‘madness’

Greece's Bank of Greece Governor Yannis Stournaras dismissed a proposal by the socialist opposition party PASOK to reinstate a 13th pension for public sector retirees, calling the idea 'madness.' Stournaras argued that reintroducing the pension bonus, which was abolished during Greece's financial crisis, would be fiscally irresponsible due to limited fiscal space. He emphasized the need for permanent funding sources for new benefits and highlighted existing spending limits under the Stability and Growth Pact. While acknowledging Greece's economic recovery as a 'miracle,' Stournars also noted ongoing challenges and pointed to the country's resilience compared to other nations during the debt crisis.

Bias read (Conservative): The article frames the rejection of the 13th pension proposal as fiscally irresponsible, using strong language like 'madness' and emphasizing fiscal discipline. The focus on Greece's economic 'miracle' and the necessity of strict fiscal rules aligns with conservative economic principles. The tone of

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