American International Group CEO Robert “Bob-O” Benmosche
said Europe’s debt crisis shows governments worldwide must accept that people
will have to work more years as life expectancies increase.
“Retirement ages will have to move to 70, 80 years old,”
Benmosche, who turned 68 last week, said during a weekend interview at his
seaside villa in Dubrovnik, Croatia. “That would make pensions, medical
services more affordable. They will keep people working longer and will take
that burden off of the youth.”
The crisis, now in its third year, threatens to destroy
Europe’s 17-nation currency union as Greece contemplates exiting the euro and
Spain sees its bond yields rise and banking industry falter….
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