Demonstrations in Madrid against the new retirement age
Demonstration against labour reform to increase the retirement age until 67 years old have begun in Madrid, Spain. 27/01/2011
Spain’s government is set to increase the retirement age today in a renewed bid to restore investor confidence after its 20 billion euro ($27 billion) plan to shore up savings banks failed to tame the nation’s borrowing costs.
The Socialist government plans to pass the bill at a Cabinet meeting that starts at 9 a.m. in Madrid, and will be followed by a news conference at 1:45 p.m.