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European policymakers are forever fretting aloud about structural rigidities, slow growth, excessive budget deficits and the looming pensions problem.
The main effects of the pensions problem will not be felt in most countries for at least a decade.
Italy's Silvio Berlusconi admires Margaret Thatcher but has done nothing to tackle Italy's pensions problem and little to free up the labour market.
"I tried to look into the pensions problem in California and discovered that you couldn't find the information," says Mr Nunes.
Finland, which has no such windfall, has confronted its pensions problem by, among other things, raising the retirement age.It is not enough.
The new auto-enrolment scheme obliges employers to enrol their staff on a pension scheme and has been pitched as a potential solution to the pensions problem.
Similar(48)
This is about one-fifth of its day-to-day operating budget.There is little the city can do about its pensions problems alone, as its obligations to pensioners are determined by legislators in Springfield.
In practice, years of slack supervision, in which pensions problems have mounted, give Ms Vieira every reason to act.
If I'd proposed solving the pension problem by compulsory euthanasia for every fifth pensioner I'd have got less trouble for it.
The pension problem in France is real.
But the pension problem stands out.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com