Browsing All posts tagged under »pensions«

Spain Drains Fund Backing Pensions

January 21, 2013


(PUBLISHED IN THE WALL STREET JOURNAL) Spain has been quietly tapping the country’s richest piggy bank, the Social Security Reserve Fund, as a buyer of last resort for Spanish government bonds, raising questions about the fund’s role as guarantor of future pension payouts. Now the scarcely noticed borrowing spree, carried out amid a prolonged economic […]

Pension Armageddon: Germans fear poverty even after life of work

September 28, 2012


(PUBLISHEN IN SPIEGEL) For decades, Germans have been able to live out their golden years in comfort. For today’s younger generations, however, the retirement dream is turning into a nightmare. Increased life expectancies, an aging population, low birth rates and vanished investment returns have many worrying about a future of poverty. Jaime Aguilar loves his […]