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Retirement in Europe: How long will we have to work?
Denmark's parliament approves raising the retirement age to 70. This decision sparks discussions in Germany about its pension system. Prime Minister Friedrich Merz acknowledges challenges in securing pension finances. Economist Bernd Raffelhüschen suggests Germany should emulate Denmark's reform. Germany's Bismarck-based system faces strain due to demographic shifts. People are living longer, impacting pension funds.
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