Live like a king
From Bloomberg:
Greek pensioners have seen their payouts slashed so much, some of them are moving to one of the poorest countries in Europe.
Take George, 75, for example. After his wife died five years ago, he rented out his apartment in Thessaloniki, the country’s second-biggest city, packed his bags and moved to Sofia, Bulgaria’s capital, where he says his monthly 800-euro ($905) pension allows him to “live like a king.”
“Of course there are difficulties with adjusting and friends,” said George, who didn’t want to give his surname, fearing he’ll be pursued by Greek tax authorities. “But with the money I have, I can return to Greece often, and I also have the opportunity to travel.”
Greece, which is among retirement destinations for other Europeans, is finding its own citizens -- like George -- are now looking to live out their senior years in the country’s cheaper northern European Union neighbor after seeing their pensions cut at least 20 times during its protracted debt crisis.
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