Spanish pension system

Spain's Social Security

The Hole In Spain’s Social Security Is Setting Off Alarm Bells

The Social Security numbers over the last few years are really alarming. Although we still have not had any official confirmation, experts estimate that at end-21016 the system had a hole of nearly 18 billion euros, 40% more than in 2015, and almost six times over budget.

Balancing the Spanish public pension scheme

MADRID | By JP Marin Arrese | The Spanish government is about to reform the pension system so as to improve the budgetary balance. However, the current policies will not yield results in the short or medium-term and they won’t prevent deficits from emerging.