Page 775 - Pensions News Today

Their pensions on monday. that was payday. that did not happen. and many people trying to take the 60 euro limit from their cash points and they couldnt get to that. one pensioner tried ten times to take out 60 euros and that didnt happen either on tuesday. and today we were told that is pension payday and that will be increased to 120 euros. many do not have cards. they go to banks and they show their identity card and they get their money. thats why tensions are so high in the athenian capital...

Unless you give them enormous bonus. >> you get very generous pensions. >> big pensions, retire early and they have got to pay those pensions off o. that itself and they have a very healthy healthcare. a lot of entitlements, right? they cant afford -- no irs arm to make people pay taxes, i understand. people are more likely to cheat and the oligarchs often escape. >> they lost a for toughen the olympics. in greece and puerto rico one in four people work for the government. in america in general ...

Is meeting will by teleconference. finally life here gets even harder for the folks. some bangs opened for retirees without credit card so they could get at least -- jenna: i think we lost gregg in athens. some of the greek population they dont have credit card. they are relying on their pensions and thats why some of them the retirees are being allowed to withdraw a little more money heading into the weekend. its a desperate situation. how its resolved is a big story. eric: wall street up 115 p...

Cut. that is the crux of the whole problem here. >> you got it spot-on, christine. greeks here have already made a lot of sacrifices and suffered five years of austerity and we have seen pension cuts and a lot of families and house holds depend on pensions as their only source of income and implemtemployment. people are saying they have had enough. now we are hearing from europe that if the new request is seen and this new bailout is approved they have to discuss it at the moment today. we expec...

Benefits to the bone. as a nation greece has lost the essential ingredient of trust. those are bank deposits plummeting because people dont believe money that goes into greek banks will necessarily come back out. this week the government limited people to withdrawing no more than 70 bucks at atms which confirms those fears. and finally as the defaulting country whose left holding the bag? mostly european nations and international groups like the imf. that is the biggest part of the chart holding...

Living like this. and the fact that he was saying the majority of the people here 50% of the people live off pensions a pension wage only. unemployment is so high youth unemployment is over 50%. so it might not make sense for a lot of international audience, why would you choose to be out. clearly theyd want to be in the euro. but the truth is these people have gone through five years of hard hard austerity and they clearly have had enough. >> it has been a difficult time period for greeks and n...

He left him off the guest list. >> this is one time where i think a mistake happened. just didnt invite us. i dont know if that was deliberate or not. but hurt and insulted is probably the phrase thats been used the most today that weve heard. disappointed is a big one too. >> it is fair and accurate to say that governor christie has no experience or expertise in the field of education. now, this is a governor who has fired 6,000 teachers. christie chose a public school for his big announcement ...

The referendum is set for sunday. the prime minister is hinting he will resign if the voters accept the deal from europe. most greek does not want to pull out of the eurozone. this is a bind and world markets held hostage until greece figures out what it will do next. i want to bring in isa soares. we spoke 24 hours ago. how are greek citizens feeling this morning? >> reporter: pretty much the same. good morning christine. a lot of people queing up to get the 60 euro. they were supposed to get p...

Night, alexis tsipras called what the european union is doing a blackmail. but he called for calm and promis promised, promised the greek people that their bank accounts would be protected. take a listen. >> translator: the deposits of citizens in greek banks are absolutely secured as are salaries and pensions. any difficulties which may appear must be dealt with calmly and with resolve. the calmer we deal with difficulties the sooner we can overcome them and their consequences will be milder. >...

Being. he was being somewhat theatrical about life as a corrections officer in these facilities, but i have to tell you, its not completely out of the context of what you hear from prison guards generally. these are obviously men and women who work hard, very ethical, working in a dangerous, difficult environment, but they also -- a lot of them, they describe that theyre doing time as well. they do bids behind bars just like inmates do until they get their pensions. so its hard, dirty work. what...