US EditionRetirement Later: Bundesbank Ceo Calls for Longer Work for Greater Prosperity
9 Articles
9 Articles
The President of the Bundesbank pleads for a later pension with regard to the weak economy. At the same time, he expressed his cautious confidence.
The German economy is in crisis. From the point of view of Bundesbank President Nagel, prosperity cannot be maintained without a later pension. He warns against a fall back in Germany.
In view of the weak economy, Joachim Nagel pleads for a longer working life. One has to be honest, "we are an aging society".
In order to ensure prosperity, the Germans would have to work longer, says Bundesbank President Nagel. At the same time, he looks optimistically at the economic development next year.
According to the Bundesbank president, maintaining competitiveness requires raising the retirement age in Germany and other European countries. Currently, the statutory retirement age in Germany is 65, but it is scheduled to rise to 67 by 2031.
The governor of the German central bank, Bundesbank, Joachim Nagel, has called for the retirement age in Germany to be raised so that the aging society can maintain prosperity and to increase the competitiveness of the economy, the German news agency dpa reported.
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