The adequacy and sustainability of pensions in the context of the Europe 2020 strategy

Abstract

Europe 2020 Strategy born in 2010 in response to the European Union to address transformative moment I was living the Union, immersed in a severe economic and financial crisis, and manifested in virtually all socioeconomic fields. Its establishment aims mainly curb global impact derived from the crisis, with the clear intention that the European Union emerge stronger from this period as based on smart, sustainable and inclusive growth economy. The 2020 design is based on the presentation of a shared strategy, whose modus operandi implements a coordinated approach to ensure the common interest. From this framework are held, first, reforms of pension systems in most Member States, reforms have been characterized by the austerity that has prevailed in all policies emanating from the European institutions in the matter. This austerity and recourse to urgent and effective measures in the short term have replaced the plan that after many years of maturation, had designed the European Union to ensure the sustainability of pensions through essentially a full use of the potential of employment that is possessed.