One of Italy’s responses to the damaging effects of the financial crises on their economy has been to make fundamental changes to its pension system, that it hopes will enforce future sustainability, and more importantly make savings on future costs. 
As one of the more vulnerable countries in the EU after the downturn, in 2011 the then Italian prime minister Mario Monti, in the attempt to control the country’s mounting debts, carried  through a €30 billion austerity package, with pen...

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