In Hungary, Poland, Bulgaria, Ireland and France, big government, a demographic death spiral and weak tax revenues have left fiscal coffers in trouble. Unwilling to stand up to voters – or rioters – most governments have little taste for doing the right thing: cutting their budgets. So, they're going after pensions to make up for shortfalls, says Investor's Business Daily (IBD).
Publish date: 27 January 2011
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