Italy’s Extraordinary Act of Self-Harm - Bloomberg
... the new government is planning to lower the retirement age for some workers and sharply increase the lowest pensions.
That will make the pension system less sustainable in the future, reversing recent reforms which had put it on a sound track. Nor are the steps especially equitable. Italy has a huge generational divide, which worsened since the financial crisis. The League and Five Star will make today’s younger workers pay for the handouts to the over-60s.
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