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Spain inches ahead with pension reform Issued on: 18/07/2021 - 05:56 Proposed Spanish pension reforms include a measure that would re-introduce inflation indexation Josep LAGO AFP/File 3 min Madrid (AFP) Spain will pay workers to postpone retirement as part of a pensions reform strategy that analysts warn does not go far enough to cut a huge deficit in the system. With nearly 30 billion euros ($36 billion) of annual losses in 2020 and rising, Spain s social security budget is one of the biggest contributors to the country s ballooning public deficit. The European Commission has long demanded that Spain reform its pension system and has made it a condition for accessing European Union economic recovery funds.

Rafael pampillonJavier diaz gimenezJordi fabregatMaria jesus monteroJose luis escrivaMadrid ie business schoolBusiness schoolEuropean unionWorld health organizationEuropean commissionIe business schoolBudget minister maria jesus monteroWorld healthDiaz gimenezSecurity minister jose luis escrivaஜேவியர் டியாஸ் கிமினெஸ்