ECB Wants Its Pensions Adjusted For Inflation; Reflections on the Politically Entitled Class

The gall and arrogance of bureaucrats who should not have a job at all, let alone have a pension that no one else gets is rather stunning.

Courtesy of Google translate, please consider Little faith ECB officials
The personal representative of the central bank is now demanding that the employees pensions would be protected against inflation. It requires that an insurance against their own failure.

"Unfortunately, the pensions of the ECB's employees are not protected against inflation," said Carlos Bowles, a spokesman for the staff representatives, the FAS was the retirement of the ECB's staff organized a kind of pension funds.

"We do not understand why the leadership of the ECB refuses to protect our pensions against inflation," complains the Staff Committee. Even a case before the European Court was pending in this matter: A pensioner has complained with the support of the Staff Committee and the central bankers' union IPSO.

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