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The book explores the challenges facing European pension systems due to demographic shifts and funding crises, particularly the inadequacy of state-sponsored social security for the baby-boom generation. It highlights how European monetary union and globalization have undermined traditional social solidarity, complicating the provision of pension security. While global finance offers new options for individuals and corporations, these alternatives threaten the foundations of social justice in Europe, posing critical questions about the future of retirement income.
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European Pensions & Global Finance, Gordon L. Clark
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- Année de publication
- 2003
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