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Economist Veronika Grimm for pension cuts after budget freeze - financial experts warn of social consequences
According to a report by www.hna.de, the so-called “retirement at 63” has led to a heated debate in Germany. Financial and economic experts as well as politicians are now divided as to whether this type of pension should be retained, reduced or abolished entirely. The economist Veronika Grimm advocates cuts in the “pension at 63”. She emphasizes that savings in pensions would generally be possible and suggests that the “pension at 63” or the mother’s pension be put up for consideration. Danyal Bayaz, the finance minister of Baden-Württemberg, who also advocates cuts in pensions, made similar statements. On the other hand, Union parliamentary group vice-president Jens Spahn demands...
Economist Veronika Grimm for pension cuts after budget freeze - financial experts warn of social consequences
According to a report by www.hna.de, the so-called “pension at 63” has led to a heated debate in Germany. Financial and economic experts as well as politicians are now divided as to whether this type of pension should be retained, reduced or abolished entirely.
The economist Veronika Grimm advocates cuts in the “pension at 63”. She emphasizes that savings in pensions would generally be possible and suggests that the “pension at 63” or the mother’s pension be put up for consideration. Danyal Bayaz, the finance minister of Baden-Württemberg, who also advocates cuts in pensions, made similar statements. On the other hand, Union parliamentary group vice-president Jens Spahn is calling for an immediate end to the “pension at 63”.
A possible reduction or even abolition of the “pension at 63” could have a significant impact on the German market and the financial sector. A cut could promote the long-term stability of the pension system, but could also lead to discontent and social unrest. On the other hand, a possible abolition of this type of pension would have to be implemented and managed politically, which in turn could have an impact on the political landscape. The actual impact will depend on the exact measures taken regarding “retire at 63”.
The pension debate in Germany is therefore likely to continue for some time and is an important topic for anyone invested in the financial and insurance markets. It is important to follow developments closely and take possible changes into account when analyzing market strategies and investments.
Read the source article at www.hna.de