As I said, the Italian measures go in the right direction, underpinning the stability programme.” The Italian plan is lacking measures with regard to growth and employment. Are these not important? Do you have any suggestions for the government? “We call upon all governments, not just the Italian government, to show determination in making structural reforms to increase potential growth.
Many pension savers would then face a situation in which their pension assets would no longer allow them to maintain the standard of living they had hoped for in their retirement. Some of those who had already planned to retire would then find themselves forced to stay on at work longer than they had intended.