You have to believe it’s a certainty Greece will get the latest tranche of bailout funds after the latest headlines.
- Greece will cut pensions above €1200 by 20%
- Pensions will be cut further for those who retire before 55
- 30,000 civil servants will be placed on “labor reserve” this year
- Real estate tax extended to at least 2014
You also have to wonder about the wisdom of squeezing Greece so hard for every cent. At some point they’re going to overthrow the government.