Greek Central Bank Chief Warns State Pensions Won't Be Enough, Urges Expansion of Private Plans

Bank of Greece Governor Yannis Stournaras has warned that public pensions alone will fail to provide adequate income for future retirees, calling for urgent expansion of occupational pension schemes that currently cover only a small fraction of the Greek workforce. Speaking at an insurance conference in Athens, Mr. Stournaras said the European Union is actively pushing to strengthen occupational pension plans to encourage long-term savings, but growth in Greece remains stymied by low worker p...

By NEWSROOM IEFIMERIDA.GR