Renzi is still dodging big Italian pension fight (IT)

``Italy has a toxic mix of a generous government-funded pension system, an ageing population and slow GDP growth. The distant future looks all right, thanks to the 2011 Fornero reform, which pushed up the retirement age for most current workers. However, that reform mostly spared existing pensioners, who are a burden on state finances and current workers. The European Commission estimates pension costs at 15.5 percent of Italian GDP in 2020, the second highest in the euro zone after Greece.''