EU Government
Pensions Explode, by Martin Armstrong, 8/31/16
I have said
that the European crisis is all about keeping jobs in Brussels, and now the
truth is beginning to surface. The long-term cost of pensions for EU officials
has increased very sharply according to one new report. These people are lining
their pockets like never before. From late 2014 to the end of 2015, the
liabilities have grown by 8.9% and have reached €63.8
billion euros.
Some of these
parliamentary members go and swipe a card to pretend they went to work, for you
see, in addition to their annual salary, they get paid €304 euros per day
just to show up in addition to a monthly salary of €8.020,53 even if they do never show up to
work. There are stories of ministers lining up to swipe their cards to claim
the €304 euros for the day and then they leave. Why not? They can neither
introduce legislation nor veto it. The whole thing is a sham to make the people
think they have a right to vote when there is none.
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