Social security

…Being subjected to intense pressures and faced with huge problems due to the demand from contractors dependent on the State to strike secret deals with the public sector… the government seems to have opted for the easy way out. In response, the government has raised another, equally important, issue in an attempt to shift public debate back onto its own turf… For this reason, it has unfortunately picked one of the most crucial issues of concern to us, our children and grandchildren, that is, the social security issue. However, both the government’s methods and timing betray that this is more a surprise attack and less a genuine attempt to tackle a chronic problem for which we have been repeatedly rebuked by the EU and other international organizations due to our lack of resolution and decisiveness to take radical measures. The issue of social security reform is currently at the top of the agenda for many European governments. But every country, as shown by a study recently published in the Economist, is trying to find ways of making social security funds self-funding and of putting capital on profitable and safe investments. All because the world’s aging population and the increase in life expectancy are bound to cause the present system’s bankruptcy in the coming decades…

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