Proceedings from the ECFIN Workshop "The budgetary implications of structural reforms" - Brussels, 2 December 2005



Thus all the options discussed in this paper will have to be supplemented by other measures in
order to keep the budgetary and macroeconomic costs within some limits. At the end it appears
unavoidable to also consider other measures such as an increase in the retirement age as a means to
cushion demographic pressure.

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