//
you're reading...
Italy

Italy’s pensioners are getting poorer – but ECB wants pensions cut some more

Cuts to Italian pensions are among the demands of the European Central Bank and IMF to restore foreign ‘investor confidence’ in Italy.

But new research by Italy’s trade union confederation CGIL has found that:

  • Pensions are on track to have fallen by between 1.3% and 4.3% between 2008 and 2014 with the largest reductions on those on the lowest pensions
  • Three million pensioners are now on less than Euros 400 (£343) a month
  • Eight million pensioners on less than Euros 1,000 a month

Furthermore, pensioners pay a third of national tax revenues, or Euros 52 billion into the Italian Treasury. This will rise by a further Euros 2 billion by 2014.

“As if this wasn’t enough pensioners have no choice but to pay taxes, while tax evaders continue to defraud the country,” says Ivan Pedretti, national secretary of SPI CGIL. 

This is “profoundly unfair” and demonstrates that the government is placing the “burden on the poor, leaving the rich and privileged in peace.”

“It is really time to protect pensions, and introduce a tax on the assets of the very rich while at the same time launching a genuine fight against tax evasion.”

About revoltingeurope

Writer on Europe's Left, trade union and social movements @tomgilltweets or @revoltingeurope

Discussion

No comments yet.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

Twitter Updates

Enter your email address to follow this blog and receive notifications of new posts by email.

Follow Revolting Europe on WordPress.com

Subjects

THE EURO

The Dossier

FRANCE

GERMANY

GREECE

ITALY

PORTUGAL

SPAIN