The Spanish Pension System And Its Problems
The Spanish pension system is one more which exists in the OECD and, probably, not one of the worst. Neither are its problems very original. Just like in other countries in the club, the financial hardships which were the result of the Big Recession led to cuts. These were implemented in 2011 by the PSOE, with the PP causing a big scandal, then in 2013 by the PP, with the roles reversed.
The commitment to not politicising this issue (the Toledo Pact) has been forgotten. Neither of the two reforms did anything which did not already have a precedent in neighbouring countries. Both drifted calmly towards a social security assistance which seems to dominate at the moment.
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