It s very hard for these reforms to pass in europe, to the point where it might be better to just let the pension systems collapse. Raising the retirement age

It s very hard for these reforms to pass in europe, to the point where it might be better to just let the pension systems collapse. Raising the retirement age is not a great strategy, 70 yo people are not as productive and hoard jobs thus increasing unemployment of the most productive, the young. This is massively happening in all of southern europe and is a major reason for economic retardation. Young people are increasingly aware that they will not get pensions. Old people hold vast amount of wealth in real estate which has become entirely unaffordable even to well-earning young professionals. At some point the collapse of pension funds will meet the need for housing. Hopefully there will be a tradeoff