Tag Archives: Greece Passes Law To Plunder Pension Funds

ZeroHedge – Greece Passes Law To Plunder Pension Funds – 12 March 2015

ZeroHedgeHaving previously hinted that they might ‘dip’ into public pensions funds for some short-term cash to payback The IMF, and then confirming that the plan is to repo that cash from pension cash reserves (raising concerns about how they will unwind the repo – i.e. pay it back); the Greek government finally signed the bill today that enables them to plunder the Greek people’s pension funds (for their own good).The massive irony of this bill is the bill enables greek deposits to be fully invested in Greek sovereign bonds… which Tsipras and Varoufakis both admitted today is “unsustainable” and “will never be repaid.”

Read the full story at: www.zerohedge.com / link to original article

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