Comment on Retirees in Greece win court battle for bailout refund

Retirees in Greece win court battle for bailout refund

ATHENS, Greece (AP) — A high court in Greece ruled Tuesday in favor of retirees who brought a class action case to demand the reimbursement of money cut from their income during international bailouts. The case was being closely watched in Greece, which is reeling from the economic impact of the pandemic and is expected to slide back into a severe recession after a decade-long effort to recover from financial crisis. The Council of State administrative court ruled that pension cuts imposed during 2015-16 occurred without the proper legislative procedure and the money should be returned. The court only ruled in favor of retirees whose associations were directly involved in the complaint.Read more on NewsOK.com

 

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