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Recovery: HB, reforms are missing from the German plan

The pension system in Germany needs revising

25 January, 18:28
(ANSA) - TRIESTE, 25 GEN - BERLIN, JANUARY 25 - The European Commission believes that a reform plan for the next few years is missing from the German Recovery Fund plan. Handelsblatt reported online, citing sources in the German government's entourage, after talks with Brussels. The EU urges Germany to improve its reform plan. In particular, Brussels is asking the government to start reforming pensions. "There is a lack of broad and general measures to improve the pension system," read the most recent recommendations.

Furthermore, Brussels is calling for the opening of regulated professions such as crafts or architects. "Germany lacks that fervor for reforms that Berlin demands of other countries," wrote the German business newspaper ironically. The Recovery Fund foresees around 25.6 bn of non-repayable funds for Germany.


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