Sun, sea, safety: Greece woos Europe's pensioners with 7% income tax rate

Athens offers generous tax incentives to lure retirees - and boost its own struggling economy

Most countries want to attract the young and the willing - entrepreneurs with ideas, students looking to learn, people prepared to do the jobs locals turn down. Greece, though, has decided on a different approach, by making a play for Europe's retirees.

The logic is very simple: we want pensioners to relocate here," says Athina Kalyva, head of tax policy at the Greek finance ministry, who has helped design a scheme to get people to do just that. We have a beautiful country, a very good climate, so why not?"