tefinancial and has shown that pension system is to such events but that large budget deficits high and very limited scope for increasing the burden of texation other livies particilry
The financial and economic crisis has shown that no pension system is immune to such events but that large budget deficits, high unemployment and very limited scope for increasing the burden of taxation and other levies particularly hit pay-as-you-go systems, and some Member States, such as Lithuania, even had to take drastic measures, that is, reduce pensions, which in my opinion is intolerable and unacceptable.
The financial and has shown that pension system is to such events but that large budget deficits, high and very limited scope for increasing the burden of taxation other levies particularly hit systems, and some Member States, such as Lithuania, even to take drastic measures, that is, pensions, in my opinion is intolerable and unacceptable.