Click Here
 
     
 
     
 
 

News

Tel: 0845 224 0035
 
Home >  Label >  Label

09 Feb, 2012 - Public pensions halt Greek crisis deal


Public pensions halt Greek crisis deal

Earlier on Thursday, the European Commission, the ECB and the IMF have joined discussions of the deal to solve the Greek crisis, after all-night talks failed to break a deadlock over proposals for deep public pension cuts.

The deal is still pending because Greece is still yet to find an extra €325 million of budget cuts to complete a €3 billion austerity package.

According to sources, conservatives leader Antonis Samaras raised objections to cuts in supplementary state pensions, while former premier George Papandreou refused to discuss the alternative of cutting primary pensions. The pensions issue is seen as critical because the elderly have been hit hardest by the deeper-than-expected Euro-area recession.

This therefore continues to highlight the importance of private retirement planning, as companies and Governments no longer afford to provide a sustainable pension fund. Speak to a deVere Pension Expert today to learn more about planning for the retirement that you deserve.


deVere United Kingdom is a trading name of deVere and Partners (UK) Ltd, which is authorised and regulated by the Financial Services Authority (469151).

NOTICE: Please note that we never cold call clients with investment recommendations. If you are in any doubt about the legitimacy of an adviser you speak to, please do one of the following: drop us an email at uk@devere-group.com, call us on 0845 224 0035, or check the FSA Register as each of our advisers are individually named and registered with the FSA.

NOTICE: deVere United Kingdom are aware of another company with the same name trading out of Swindon, Wiltshire, cold-calling individuals and directing them to our website for false assurance of their credibility. Please note that we never cold call our customers, and have no affiliation whatsoever with this firm. You should only deal with firms which appear on the FSA Register. For more information, please see the notice on the FSA website: http://www.fsa.gov.uk/pages/Doing/Regulated/Law/Alerts/unauthorised.shtml Please call us on 0845 224 0035 if you have any concerns.
       
Bookmark and Share
Contact Us
Please click here