Releasing pension funds could ease cost of bailout

WOULDN’T it make sense in these austere times to release some of the €100bn tied up in private sector pensions funds and avoid the high cost of the IMF bailout funds?

For example, taking a private sector pensions contribution holiday for five years would release €50bn-€20bn tax subsidy and €30bn private sector contributions.

The €20bn could be used to reduce our borrowing requirements and the €30bn should stimulate economic activity.