Bloomberg News

ECB Workers’ Pensions not Protected Against Inflation, FAS Says

April 15, 2012

European Central Bank employees’ pensions are not protected against inflation, the Frankfurter Allgemeine Sonntagszeitung reported, citing Carlos Bowles, an employee spokesman.

“We don’t understand why the ECB leadership refuses to protect our pensions against inflation,” the newspaper quoted Bowles as saying.

To contact the reporter on this story: Alex Webb in Munich via awebb25@bloomberg.net.

To contact the editor responsible for this story: Chad Thomas at cthomas16@bloomberg.net.


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