Tuesday, June 27, 2006

Ageing hits politics [NL]

Demographic ageing is no longer approaching, but effectively starting. The Dutch Ministry of Finance receives recommendations of a fiscal policy study group charged with assessing the impact of ageing on Dutch government finance. The recommendations are tough: The next Cabinet should reduce expenditures by some EUR 15 bio (3% of GDP) in order to remain sustainable. Nonetheless, addressing the issue head on is exemplary.

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