Eu's ageing population will force its member states to reconsider their pension provision
A huge increase in government and corporate debt will be needed if the projected provision for privately funded pensions within the EU is to be met. That is the view of Graham Bishop, adviser on European financial affairs to SchroderSalomonSmithBarney, who sees the EU's ageing population forcing member governments to reconsider pension provision. Bishop believes that the increasing demand for private pensions will create a 'bond boom' with higher demand for longer maturity, non-government bonds, but he questions whether the bond market can meet this challenge. Bishop said eurozone f...
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