Spain: government prepares pension scheme reform

ve the guidelines to the El Pais daily: no retirement age raise, tougher conditions to appeal to early retirement, longer duration taken into account to calculate pensions, indexation on inflation maintained, and so on. He also insisted on the fact that these changes will be negotiated with the social partners as part of the Toledo Pact which regulates the current system. (Ref. 090463)

Recent declarations from Miguel Angel Fernandez Ordonez, governor of the Bank of Spain, on coming bankruptcy fo