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Editorial: El Mundo

  • The European Commission questions the sustainability of the pension reform in Spain, predicting an increase in spending until 2070.
  • Brussels urges a 12,000 million euro adjustment to balance the largest pension deficit in Europe.
  • Numerous organizations such as the IMF, Moody's, Standard & Poor's, the Bank of Spain and the Independent Authority for Fiscal Responsibility criticize the reform.
  • The measures to mitigate the impact of pensions on public accounts are considered insufficient.
  • The consensus indicates the unfeasibility of the current pension model.
  • The setback with respect to the reforms of 2011 and 2013 obligates the government to reassess its reform.

Conclusion: The future of millions of Spaniards, especially the young, depends on a solid, non-electoral review of the accounts and pension reform.