BELGIUM - Europe needs to "summon the will" to reform pensions as demographics in many countries could make reforms more difficult in the future, said Raghuran Rajan, economic counsellor and director of the International Monetary Fund's research department.
Giving the Ludwig Erhard lecture in Brussels yesterday, Rajan told delegates that time was running out. “Many of the reforms require older workers to give up some protections and pension rights. Bu...
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