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Eric Hovde: “Greece... wiped out the pension value by 50%.”

Featuring: Eric Hovde, Republican | Former Candidate, U.S. Senate Wisconsin

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Published | Video Starts at 43:47

$100 trillion Zimbabwe note, which is worth about 50 cents and if we don't change the course of entitlements, we will blow up our entire system. Greece... wiped out the pension value by 50%. the pension value of all, all their pension value by 50%. So every public employee, not only are they dealing with an unemployment rate of 22.8% in a youth unemployment … (43:47–44:17)

CLAIM

Asserts that Greece reduced pension values by 50% during its last restructuring.

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