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Work until 69? Bundesbank's call riles Germans

To ensure stability of the pensions system the Bundesbank's, Germany's central bank, has proposed a further gradual increase in the legal retirement age, to 69 by 2060The German central bank’s call for people to work until age 69 has reignited a fierce debate in Europe’s fast-ageing top economy, with analysts backing it while politicians show their opposition ahead of key elections. Economy Minister and Vice-Chancellor Sigmar Gabriel was swift to condemn it, saying: “A factory worker, a shop assistant, a nurse, a care-giver would find this idea nuts. The offending idea is a passage in this month’s Bundesbank report, which noted that “the currently satisfactory financial situation of public pension treasuries should not distract from the fact that other changes would have to be made to ensure its sustainability”.

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