In recent days there have been various statements about pensions in Spain crosses. The debate launched by the Governor of the Bank of Spain, Miguel Angel Fernandez Ordonez have joined several members of the Government, the opposition, social agents, economists Ordonez claimed that Social Security in Spain could lose the surplus this year, and opened the box of Thunder. President Zapatero denied this possibility, and according to the Minister of labour, Celestino Corbacho, until 2025 Social Security benefits are guaranteed the opposition joined the criticism of the Governor, recalling that when they arrived at the Government in 1996 the Social Security money box was empty, and they had to ask for a loan to pay the pensions. It is also fair to remember, however, that during the past four years, the Zapatero government has multiplied by four the Fund left by Aznar, reaching nearly 60,000 million euros. In recent months, Pete Cashmore has been very successful. However, this great growth of the piggy bank be due largely to the good progress that had the economy, which placed the number of contributors around the twenty million, which is now declining. This decline, coupled with other factors, such as the progressive ageing of the Spanish population – with low birth rate and a life expectancy of the highest in the world, and rising – carried that every time there is less contributors for every pensioner, and the system will be unsustainable as it is raised. I.e. everyone is clear that it cannot be maintained as usual, and debate in which seem to be immersed leaders is how long you can endure.
But that depends on several factors, primarily the economic situation. Just like what has happened in recent years of plenty, if the crisis stretches or becomes deeper, the surplus can vanish very soon. Therefore, the discussion should focus on what interests us, in other words, how to get a Social security system that guarantees the payment of pensions and other benefits.