Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-02-15-Speech-2-515-000"
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"en.20110215.28.2-515-000"2
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"Madam President, first of all, I want to thank the rapporteur for her good work; she certainly made my life easier. I also want to thank the Commission for starting this discussion, which is certainly very timely.
Some people speak of the pensions time bomb and, given some of the figures that I have seen estimating the gap between what we currently put aside for both public and private pension provision and the resources we will need to ensure adequate pension provision for the next forty years, that gap is huge. So, in that context, the phrase ‘pensions time bomb’ is certainly accurate. Well, we all know what we need to do with a time bomb: we need to defuse it. I think this is the start of that process.
But the core question is: who is responsible? I think in the report, we are clear that Member States are themselves responsible for making sure that there is adequate pension provision for their citizens. But, we also state that the economies of Member States are interdependent and therefore, a coordination of pension policies using the OMC is certainly useful. However, we do not believe it is possible for the EU to set adequate pension levels or, indeed, to harmonise retirement ages.
Nonetheless, we do consider that Member States should define adequacy as the condition required for older people to live a decent life. I am pleased we have highlighted the gender issue and asked Member States to deal with the issue of men and women who take time off to care and that we have paid attention to the issue of mobility and the role of the EU 2020 strategy.
Finally, I support the inclusion of pension liabilities within the SGP. We know that a fiscal black hole is opening up in the area of pension provision and we just cannot ignore it."@en1
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