Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-11-11-Speech-4-324"

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"The steadily increasing life expectancy of European citizens is excellent news which favours intergenerational dynamics and exchange. On the other hand, if we look at it in terms of the future of our pension schemes, an ageing population causes a real headache to political decision makers and to advocates of balanced budgets. If we add to this the low birth rate in many of the 27 Member States, intergenerational solidarity is akin to Proust’s Madeleine with European societies remembering things past. To paraphrase Mr Mann’s excellent report: Europe must rise to the demographic challenge, and Jean Bodin’s famous formula: ‘the only wealth is man’ now makes perfect sense. To maintain a fair society, one that works in solidarity, in other words, one in which we refuse to burden future generations with our public debts and in which balance between the number of pensioners and the active population is favoured, there is only one solution. It will inevitably require action using a number of approaches: job and retirement flexibility, a humanist and realistic immigration policy, and clear complementarities between the pay-as-you-go and capital-funded financing systems, the reason why the MR delegation voted against paragraph 99 on this last matter."@en1

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