Here’s an excellent article by think-tank Bruegel that takes a hard look at pensions in Italy. There are some excellent cross-European comparisons of youth unemployment and pension costs. It’s an interesting read. Check it out!
If you look at the data, pensions need serious reform in many European countries.
The challenge is how the austerity decisions are split between young and old.
Let me ask an open question:
Is it right for European governments to cut pensions to current pensioners or should the cuts be restricted to future pensioners?