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of course, at one level, the Commission should be pleased because the short term fiscal consequences of "unreform" are positive.
and the Commission effectively refused to grant leeway under the Maastricht criteria for countries that were making pension reforms except under very restrictive conditions.
here see my paper From pension funds to piggy banks: (Perverse) consequences of the Stability and Growth Pact since the crisis in International Social Security Review, 2014 http://onlinelibrary.wiley.com/doi/10.1111/issr.12029/abstract

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