A pension time-bomb is waiting for the member states unless they get their public finances in order, was the stark warning by monetary affairs Commissioner Pedro Solbes today Wednesday, 21 May.
Demographics are "putting pressure" for action, said Mr Solbes who added that "there is only a limited window of opportunity for countries to get their public finances in order before the budgetary impact of ageing takes hold as of 2010".
The monetary affairs commissioner said that the prob...
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