Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-02-16-Speech-3-318-000"

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"en.20110216.11.3-318-000"2
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". I supported the report on the creation of adequate, sustainable and safe European pension systems, since I believe that changes to the existing pensions model are essential to secure its sustainability. Currently, European countries run the risk that future generations will not be able to draw pensions capable of providing a decent old age. We must admit that at present we are living at the expense of future generations. We borrow in order to pay today’s pensions. This must change. The pensions system must be balanced in such a way that current revenues can cover current expenditure. Any other solution would mean living beyond our means. This can be done in various ways, but we must also admit that we can no longer rely on drawing a pension soon after we reach the age of 60. Retirement age must be raised in stages throughout Europe, and it must approach the 70 years of age threshold. That is one of the ways to ensure that the social security budget does not become a burden on European countries’ economies."@en1

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