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Deficit and pension reform

Aug 05, 1999
By Diana Kudayarova

It was a restless week for Keynes. The poor old economist must have been turning in his grave, his peaceful sleep disturbed by Latvian Prime Minister Andris Skele, who was pulling the economy in the opposite directions by trying to deal simultaneously with an economic crisis and social budget deficit. The latter was proposed to be done by taking money away from pensioners.We shall leave out the arguments that dividing the working pensioners into two groups by income level may cause social tensio ...

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