Page 769 - Pensions News Today

Billion to greece but comes with tough reforms. this includes increasing certain taxes, reforming pensions and cutting budgets. greek voters rejected similar austerity measures last week in a big vote parliament must vote by wednesday before the country can begin normformal bailout negotiations with european nations. still to come donald trumps comments and his impact on the rubble cabepublican party. and 15 is now the number for 2015. im hampton pearson with your market wrap. stocks rally on ...

People here are calling it a surrender. at the same time i spoke to one reporter who said that within days he would start to struggle to import just things like apples and things like lemons. look, greece is about the same size as ohio about 11 million people mika. imagine if ohio faced being forced out of using the dollar the way greece is being ejected from the euro. clearly, its not an exact comparison. but it gives you an idea of where people are bigtting their finger nails through the night...

Getting soft pensions or government welfare benefits and at enough people pulling the wagon and everybody in the wagon. if they do this kind of new line of credit eis enlshl which the greening government thats no solution. if they extend the terms for six months or a year theyll have the same conversation six months or a year from now. theyll not be able to repay the loans because they havent structurally reformed their government. they might have to sell one of the islands to come up with the m...

Just come out of a genocide to introduce new measures they had never seen before. >> so is any of that happening -- is this part of why youre suggesting a move away from the euro so greece can respond in its own national context? >> absolutely because the answer ultimately is growth for the greek economy. the greek economy is 25% smaller than it was a half decade ago, and this is just going to be more flood letting as youre talking about. what they need to do is have a stronger economy so they c...

Long term you know issues such as pensions. they dont take in enough taxes. thats what long term is going to hit them. >> and thats where the big fix is. >> yeah. >> absolutely. >> thank you so much for breaking it down for us. youre appreciated as always. you can catch brenda on "bulls & bears" every saturday morning at 10:00 a.m. eastern right here on the fox news channel. you can go and buy shoes, ill eat. >> yes. >> meanwhile, serious news at hope. 300 families being evacuated from their h...

Unemployment is 26% and 51% for people under the age of 25. now greece is asking for a new bailout and restructuring of its debt. it costs another 70 billion euro. its proposal includes several austerity measures including tax increases and cut to pensions. the greek people just voted against a referendum a week ago today. now, to begin the 11th hour negotiations to save greece from entire financial collapse the finance ministers have been huddled in brussels trying to work out a deal based on g...

This so-called austerity program. the greeks have to collect more of the taxes owed and they have to cut spending in areas such as pensions and reform the labor market in ways that some of these european creditors are unu.s. issing particularly germany. however its very important to realize that the amount of economic pain these austerity measures have already meted out in greece is severe. the unploumt rate there is 25% for young people its 50%. there are truly great depression indicators there...

Greece was basically profligate when it came to the social benefits it was offering people. people retiring at 45 50 years ago. its a terrible crieses theyre facing these are harsh measures but thats the price theyre paying for benefits like that. >> steve moore may be the only person ive heard, i think he is, who says theres no austerity in greece. there is no one who would agree with the statement including the germans who know theyre imposings tier measures on the greek economy. thats flatly ...

Their there is emerging a lot of worry that this new proposal could just be word. >> could the greek government be trusted to do what they are promising to actually implement in the coming weeks, months and years. and i think those are the key issues that will be addressed today. >> as to how the greek people feel themselves about the latest proposal which involves more austerity, cuts to pensions increase of taxes, there were protests last night. but the people we spoke to on the streets of ath...

That. that would be a last ditch fallback position because their sense has been that every time the iranian negotiators go home they stiffen their spine and come back and try to relitigate stuff that had already been agreed to because they are in that environment where you have a lot of powerful people in iran who dont want this to happen. the people who do want this to happen is the population of iran they want to see those sanctions lifted so the betting in the white house has been that they d...