Local view for "http://purl.org/linkedpolitics/eu/plenary/2001-07-03-Speech-2-123"
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"en.20010703.7.2-123"2
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"Mr President, our public pensions systems are too expensive and have also ceased to be financeable. The gap between those actively employed and pensioners is becoming ever greater. Urgently needed reforms are constantly being postponed. The cost of these systems within the Union also varies very widely. For example, Austria devotes 15% of its GDP to pensions, making it the record holder, as the EU average is 11%. The high costs in countries like Austria are partly attributable to the fact that we have virtually introduced a separate insurance system for each professional group. This leads to all sorts of injustices that are no longer tenable. However, as others have already said, there is a crisis looming in pension provision not only in Austria but all over Europe.
The public pension system can simply no longer be financed and is also becoming a burden on the younger generation. A pan-European market for occupational retirement provision is bound to help in this regard.
However, in establishing this system, this second pillar, we should not impose an even greater burden on our small and medium-sized enterprises. They could not tolerate a further increase in ancillary wage costs. The consequences would be disastrous and would, above all, have a negative impact on Europe's employment situation."@en1
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