Yet another piece of pension reform in Greece

Article abstract:

The recent pension legislation (Law 3029/2002) concluded an entire season, inaugurated six years earlier when a new 'modernising' government took office with pension reform high on the agenda. The legislation, though successful in temporarily defusing the issue, can only be described as timid and ineffective if judged against the magnitude of the problem as originally diagnosed. In order to put this last episode in context, the article describes the background to pension reform and reviews key policy responses since the early 1990s. It concludes that pension reform is bound to return to the political agenda soon.