Warning over Europe pensions time-bomb
The ratio of pensioners to workers in Europe is set to double in the next 50 years – a pensions time-bomb which must be tackled now, the European Commission warned today.
In 2008 there were four people of working age – 15 to 64 – for every one aged 65 or over but by 2006 that will fall to two to one, said a Commission paper launching a debate on possible EU moves to restore the balance.
