Michael Noonan recently revealed in the Dáil that:
‘With the changing demographics there is an increasing number of elderly people in our communities. It is not as imbalanced as it is across continental Europe. We seem to be about 20 years behind its age profile. We still have a fairly balanced age profile across the age groups but there is a pension issue which we must examine very carefully’.
Which begs the question: why are we adopting a response more common to central European countries with their aging populations and high dependency ratios? It must have something to do with the mooted EU Common Pensions Policy which poses the possibility of a younger Irish population subsidizing pensioners in core EU countries.The People’s Movement has launched a new pamphlet entitled The European Stability Mechanism and the case for an Irish Referendum (click on the title to access).