Spanish PM Insists on Raising Retirement Age to 67 - ABC News: "Spain's prime minister said Friday the government is set on raising the retirement age to 67 from 65 in the new year, despite strong resistance from some opposition parties and labor unions who are threatening another general strike.
Spain's central bank and other financial institutions have urged Zapatero to make changes in the pension system as part of reforms crucial to helping the country slash its deficit to prepare for a coming wave of retirements and emerge from the economic crisis.
His comments came as the central bank issued more negative news about the shaky banking sector, a key factor in Europe's effort to keep its government debt crisis from spreading. The bad loans ratio for the country's banks and financial institutions had risen to its highest level in 14 years, it said."
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