Sorry, but that's exactly wrong. There was widespread indexation before the URV or, more precisely, before the Real Plan. Salaries, pensions, interest rates, fe

Sorry, but that's exactly wrong. There was widespread indexation before the URV or, more precisely, before the Real Plan. Salaries, pensions, interest rates, fees, etc, everything was tied to an inflation rate or another. The Real Plan did away with the indexation. See motoboi's comment for more details. https://news.ycombinator.com/user?id=motoboi https://news.ycombinator.com/user?id=motoboi