The medium scenario projection published by Eurostat shows that in the next 25 years, the share of the population aged at least 65 will reach 28 per cent in the European Union as a whole and 33 per cent in Italy; the financial pressures on pensions and long-term care will increase as a result.
Thomas M Hoenig: Do SIFIs have a future? Speech by Mr Thomas M Hoenig, President and Chief Executive Officer of the Federal Reserve Bank of Kansas City, before the Pew Financial Reform Project and New York University Stern School of Business “Dodd-Frank One Year On”, Washington DC, 27 June 2011.