Browsing All posts tagged under »pensions«

Spain Drains Fund Backing Pensions

January 21, 2013

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(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

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(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 […]