Greece Leads Euro Area in Share Spent on Old-Age Pensions: ChartBy
Greece spends 13.3 percent of its gross domestic product on old-age pensions, the highest proportion in the euro area. The issue of pension cuts has become a major point of contention between Athens and its international bailout auditors. At the other end of the scale in the 19-nation euro area, Ireland spends only 4.9 percent of its GDP on retirement pensions, based on European Union data from 2014, the most recent available.
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