Local view for "http://purl.org/linkedpolitics/eu/plenary/2008-11-19-Speech-3-366"

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"en.20081119.23.3-366"2
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"Madam President, Commissioner, Mr Jouyet, ladies and gentlemen, when this House discussed the effects of demographic developments before the summer, the full extent of the current economic crisis had not yet hit us. This crisis will increase pressure on our social systems. As a result of expected growth in unemployment, some relaxation may perhaps be expected within the labour market in the short term. In the long term, however, this does not solve the specific problem of an ageing population. If a worsening economic climate brings increased pressure to bear on the older workers to leave the labour market prematurely, we shall lapse into old errors. The emphasis should now remain, as it should do in future, on flexible pension arrangements on a voluntary basis, combined with organising work in such a way as to ensure that continuing to work longer becomes a real option. The financial crisis has demonstrated once again why we must handle pension funds wisely. The sustainability of the pension system, aligned to both demographic and economic developments and based on risk-avoiding investment strategies in the long term, should be accorded high priority. Additionally, the European Commission should turn its attention to regulating and monitoring pan-European pension products."@en1
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