Spanish pensions reform only skin deep

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Spain has used the financial crisis to reform its pensions system, yet fears run high that the changes do not go far enough, writes Toby Lewis

“You never want a serious crisis to go to waste,” as Rahm Emanuel, the former chief of staff of the Obama administration, said in November 2008, at the nadir of the present global financial crisis....

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More on Spain

Spanish pensions reform only skin deep

Spain has used the financial crisis to reform its pensions system, yet fears run high that the changes do not go far enough, writes Toby Lewis

Toby Lewis
clock 08 March 2011 •

Spain to pass pension bill as yields continue to surge

SPAIN - The Spanish government will raise the retirement age today in a renewed bid to restore investor confidence after a €20bn ($27bn) plan to shore up savings banks failed to tame the nation's borrowing costs.

Emma Ross-Thomas at Bloomberg News
clock 28 January 2011 •

Spain in union talks to avert strike on pensions as yields rise

SPAIN - Spanish Labor Minister Valeriano Gomez is set to meet with union leaders today to negotiate an overhaul of the pension system as the Socialist government seeks to avoid a second general strike.

Emma Ross-Thomas at Bloomberg News
clock 07 January 2011 •
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