The ECB recommends delaying the retirement age in the euro area
The European Central Bank recommends delaying retirement age in eurozone to cope with ageing of population resulting from a low fertility rate, increased life expectancy and baby boom retirement. In Spain, this will increase progressively to reach 67 years in 2027.
The ECB stresses that many pension reforms have been approved, more intense especially in countries that have undergone adjustment programs like Spain, he says. But in his latest economic bulletin he points out that more is needed. “These recent reforms may not be enough to fully respond to challenges of ageing,” says body chaired by Mario Draghi. And he argues that development of se has slowed with recovery: “There is no room for complacency in this matter, because pressures that pensions will have could be stronger than expected, for example if economic events end Being less favorable than current projections of costs assume. Therefore, euro countries should take advantage of a more positive economic context to implement better policies that turn challenges posed by an ageing population, “says central bank.
Read More: Turkey Telegraph
