EU Govt. Pensions Explode to €63.8 billion

EU Parliament

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.

Latest Posts

The message

COMMENT: Mr. Armstrong ….. I do hope this article ‘sinks in’ and we finally will get an objective  government also being replicated around the world!! Opa’91 Survivor of WWII in [...]
Read more

Market Talk – January 21, 2025

ASIA: The major Asian stock markets had a mixed day today: • NIKKEI 225 increased 125.48 points or 0.32% to 39,027.98 • Shanghai decreased 1.75 points or -0.05% to 3,242.62 [...]
Read more

Canada Created its Own Trade Barriers

Stéfane Marion, chief economist of the National Bank of Canada, has urged the Canadian government to reconsider their own trade barriers amid criticism of Donald Trump’s proposed tariffs. The International [...]
Read more

US Population Rapidly Growing

The population of the United States grew by 1% to 340.1 million in 2024, according to the US Census Bureau, marking the largest population increase since 2000. The nation has [...]
Read more