Bloomberg News

EU Seeks Belgian Pension Age Increase to Aid Finances, Tijd Says

May 29, 2012

The European Commission will call on Belgium to allow its pension age to rise in line with life expectancy and to boost competition on its energy market as part of a set of measures to improve competitiveness, De Tijd reported, citing a draft report.

The recommendations, to be published tomorrow by the commission, also include that the country should shift its tax burden from employment to environment and energy, and prevent wages from significantly exceeding those in neighbouring countries, the newspaper said.

Belgium will also be told to honor its commitment to get its budget deficit below 3 percent of economic output in 2012, according to the newspaper.

To contact the reporter on this story: Jim Brunsden in Brussels at jbrunsden@bloomberg.net

To contact the editor responsible for this story: Anthony Aarons at aaarons@bloomberg.net


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