Page 774 - Pensions News Today

The story and they say the same thing. they just dont want more austerity. theyre very clear on that. the economy, theyve suffered five years of austerity. the economy shrunk 25%. 50% youth unemployment. 26% of unemployment in general. so people here are tired. theyve seen their wages, their pensions being cut, salaries being cut. and what theyre basically saying is that this more austerity just wont help the economy grow. >> whats been the likelihood of a greek exit from the eurozone and more b...

Today we are celebrating our courage and resolution to take our luck in our own hands, to give a voice to the greek people. >> if the greeks vote no, they have done everything but severing the greek negotiation position. the greek negotiation position will be dramatically weakened by a no vote. >> we are less than two days now from a pivotal referendum in greece where the electorate will vote on the latest e.u.s buyout offer for a deeply indebted nation due to its own fault. excessive benefits a...

Greece is now days away from a huge decision. on sunday the country will vote on whether or not to accept a bailout offer, a bailout offer that comes with a heavy, heavy burden of cutting pensions and other benefits in a major way. the countrys debt crisis has grown so dire it has a crowd funding web page that has raised more than $1.7 million in just five days. that is a long way shy though of the more than $1.7 billion that it owes to the imf. were live in athens ahead of the vote. look just m...

Would be the third bailout. you saw the response from the creditors. we heard from christine lagarde on cnn and others including the president of the euro group and the european commission saying wait for the referendum to take place. it is clear theyd like to see the backside of alec sis tsipras. if we get a yes and thats a huge question mark you could see a case in the next week or so where in parliament theres a no confidence vote that is called. perhaps prolonging his future or ending the fu...

You have a high-ranking official very high-ranking at gsa. now going to spend three months in a federal penitentiary, and then another three months in home confinement probably with an ankle bracelet. he is doing real-time, and i hope that current officials get the message that if they start treating taxpayer dollars as their own piggy bank theyll be in trouble and will face jail time. i think some of the federal agencies have been scared into curbing some of the abuses. you dont see these type ...

Basically, a third bailout. but at the same time asking for patience from the pensioners. he wakes up and watches the pensioners trying to get their payments. they are suffering badly. they are seeing their payments cut 30% in the last three years alone. and he is saying you wont lose your money. lets take a listen. >> translator: i would like to assure you, this situation wont carry on too long. and you wont lose your wages and your pensions. your savings wont go away. personally and i take on ...

Imagery. tv land has been showing reruns of the 1980s action comedy set in rural kentucky. its the latest organization to try to put distance between itself and the flag after last months south carolina church massacre. it isnt greece but chicago is in the latest throes of financial crisis over schools and teacher pensions. our reporter looks at some very bad math that does not add up. >> reporter: the city of chicagos finances are in a crisis thanks to decades of leaders skipping pension paym...

Imagery. tv land has been showing reruns of the 1980s action comedy set in rural kentucky. its the latest organization to try to put distance between itself and the flag after last months south carolina church massacre. it isnt greece but chicago is in the latest throes of financial crisis over schools and teacher pensions. our reporter looks at some very bad math that does not add up. >> reporter: the city of chicagos finances are in a crisis thanks to decades of leaders skipping pension paym...

Whether or not to accept that deal from europe would still go ahead, in which he said that it would be a good idea for the greeks to vote no in order to continue the pressure on europe and at the same time reassuring greek public that their pensions and salaries would not will be lost. the trouble is that greece really is on the edge of an abyss here. we went to one pharmacy today where we spoke to the pharmacist there who said her parents were coming to buy stocks of baby milk. people were buyi...

The doors of this bank in athens. you can see a number of people i think it is fair to say they are older. all appearing lined up and crowded outside of a bank with one individual trying to kind of keep order. this is the third day that people in the country are permitted to only withdrawal 60 euros a day. >> couldnt imagine what it must be like particularly for pensioners people with savings in banks at this time. it is a time of so much uncertainty in greece. of course we have a referendum com...