Tag #Unsustainable Debt

What are the main factors contributing to the increasing number of early retirement applications in Greece?

Over the past five years, Greece has added 1 million new pensioners while approximately 670,000 people died. This, coupled with 600,000 fewer births than new pensioners over the same period, creates a massive imbalance in the pension system. The large number of early retirements, particularly those granted through the use of "fictitious years" of work, significantly exacerbates this issue.