The economists urge us all to start saving for our retirement. They allege that a pension’s crisis is on the way. The only question is when. Successive governments have been tinkering with the system, but to little effect.
The interview with the economists comes as they publish their tome "The Great Pensions' Fraud". In it they also note that successive commissions have overestimated economic growth. They add that too little account is being given to possibility of economic crises in the future.
They worry that an economic shock could impact on Belgium's public finances paving the way for what is described as a "Greek scenario" under which the EU would force Belgium to lower its pension rates.