But defined-benefit plans represent the transfer of a lot of risk to the plan sponsors. And for some sponsors, the liability associated with a defined-benefit plan can dwarf the sponsors' net worth. So for employees, employers, and society as a whole to fully realize the benefits of defined-benefit plans, three conditions must be met.
•  Third, more emphasis should be placed on scaling-back government consumption instead of public-sector investment, since the latter can be a key contributor to the country’s future economic growth. •  Fourth, a high priority needs to be given to privatisation and improving the ease of doing business, so as to attract more foreign direct investment. FDI has traditionally been low in Greece.