ECONOMY

More than 40,000 civil servants have retired since crisis began, data shows

More than 40,000 civil servants have retired since the start of Greece’s crisis, according to figures provided by Alternate Finance Minister Christos Staikouras to Parliament on Monday.

In 2009, Greece had 406,271 retired servants. As of April this year, the figure stood at 449,341, Staikouras said.

The outlay on civil service pensions has increased from 4.2 billion euros in 2005 to just over 6.5 billion euros last year.

The Finance Ministry also said on Monday that civil servants’ salary expenses had risen from 13.9 billion euros in 2005 to 18.5 billion in 2009 but had fallen again to 13.7 billlion last year.