NICOLAS MARQUES FEATURES IN FRANCE’S ‘ECONOMIE MATIN’
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The report by Nicolas Marques, Director General of the IEM, highlights the deep crisis in retirement savings across Europe, particularly in France, due to reliance on the pay-as-you-go system. With an increasing demographic imbalance, transitioning to a three-pillar retirement system including capitalisation, as suggested by the World Bank in 1994, is emphasised as a necessary step for resilience.