Draghi urges Greece to reform pension system


Greece needs to implement its pension reform to ensure it can fully pay pensions in the years to come, the president of the European Central Bank said in a letter published on Friday.

“Full implementation of these reforms will improve the long-term sustainability of the pension system,” Mario Draghi said in response to a letter from a member of the European Parliament.

“The sustainability of the pension system is crucial from a social fairness perspective, not least because it is necessary to ensure that the Greek state remains able to pay pensions in the longer term,” Draghi said.