ECB's Gonzalez-Paramo on the ageing problem

In the speech 'The ageing problem: its impact on financial markets and possible policy responses' given on 1 December Jose Manuel Gonzalez-Paramo of the ECB said the ECB has repeatedly called on governments to implement comprehensive reforms in public pension and health care systems.

"These reforms need to address specific problems , maintain fiscal discipline, and, at the same time, they need to support an increase in labour utilisation and strengthen the forces driving productivity, to

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