IMF calls for Spanish pension reform for fiscal sustainability

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SPAIN - Pension reform is needed to ensure long-term fiscal sustainability and there is no room for complacency, an International Monetary Fund (IMF) staff mission to Spain has reported.

The IMF said the onset of the rising costs of ageing would be larger than elsewhere, even taking into account Spain's “immigration phenomenon”. This onset was now only 10 years away, it warned. ...

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