Friday, September 21, 2012

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Spain 'freeze' pensions and the rapid increase in the retirement age from 65 to 67 years, and the initiative to reduce public spending and meet the terms of the assistance will be required for the economy, says a report in Reuters. The measures being considered by the Government of Mariano Rahu to freeze pensions and accelerate the retirement spanish translator age save at least 4 billion
pounds annually and meet the recommendations of the European Commission in the month of May, which will be used for the formation of the terms of the rescue package. I have decided to accelerate in the age from 65 to 67, which is designed to be a 15-year horizon, and the abolition of pension rates are still under discussion, and sources told Reuters. The new measures on pensions, which may be announced next week along with the budget for 2013, and to send a strong signal to investors that Spain was serious in implementing the delayed structural reforms. According to The Times last fiscal, the EU is working behind the scenes to pave the way for a rescue plan for Spain and buying bonds by the European Central Bank (ECB), which helps the formation of Madrid program of economic reforms is expected to be announced next Thursday, September 27. According to officials involved in the discussions, the Financial Times reported, and discussions between the Spanish government and the European Commission focused on the measures required by international lenders as part of the rescue program the new, and to ensure that these measures will be ready a formal request for assistance from Madrid. The plan will focus reform, according to the same report, and structural reforms in the Spanish economy, and that requires a lot of time in Brussels of new taxes and spending cuts. The European Commission, however, still this article, may require additional austerity measures next month to achieve the financial goals of Spain, spanish translator which is not expected to succeed.
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