Group of European Pensioners from Savings Banks and Financial Institutions


Index of documents > Euromeetings Magazine > Euromeetings Number 12


FORTUNATELY my friends, my predic­tions have not come true. At least up to now that is. The revival of the “economic situation” has saved us. Nobody knows for sure what that really means; that is to say, why the “situation” deflates and then revives. Every great economist has his or her own theory on this matter. And of course so do the politicians: You can't help but smile when listening to the vehement convictions of the former party claiming that the revival is a success of their legisla­tive measures and that the current party owes everything to one of their debatable “reforms”. The fact is that this revival has enabled the politicians to forget about the dangerous issue of pensions, they even boast about having increased them a microscopic percentage, that is not enough and does not compensate for the increase in the cost of living over the last few years. Yet it is better than nothing I suppose.

And on the other hand, an unexpec­ted light of hope appears on our horizon: the number of elderly people aged over sixty five is increasing at an excessive rate. This ageing of the population, which for Germany is alarming, for us the pensioners (and God forgive “after me, comes chaos) is promising. From being just an insignificant sector on the market we have now become an impor­tant group. This is not due to our inevita­ble limited personal purchasing power, but to our number. The economy is faced with a huge group and naturally it wants to get control of it. This means there will be more products that are specially adapted to our needs and our means available. In first place, in terms of price, and then also in labelling, in quantity, in legibility of the information. In short, before there was, apart from the indiffe­rent general public, two large special in­terest groups: the motorists and children and adolescents. Now there is another large group: the elderly. Some of us will not see it; but the majority of us will. yes. Neither the State nor the Economy has become self sacrificing Sisters of Charity. But as Benavente said exactly one hun­dred years ago with his kind cynicism “to make progress, it is more important to trig­ger off interest than to stir up emotions”.

Eduardo Espert