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ECB President Draghi Discusses Greek Pension Reforms

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The European Central Bank penned a letter discussing how Greece must enact its pension reform system, by President Mario Draghi.

The letter stated, "Full implementation of these reforms will improve the long-term sustainability of the pension system." The letter was written as a reply to a previous letter from a European parliamentary member.

The ECB President added, "The sustainability of the pension system is crucial from a social fairness perspective, not least because it is necessary to ensure that the Greek state remains able to pay pensions in the longer term."

(Source: Reuters)