Spanish Fiscal Authority Calls for One Million Migrants A Year

The Secretary-General of the OECD indicates that the problem of raising wages needs to be addressed as soon as possible.

Spanish Fiscal Authority Calls for One Million Migrants A Year

The Independent Authority for Fiscal Responsibility (AIReF), echoing an earlier proposal by the Bank of Spain, has recently suggested that, to maintain the sustainability of the floundering Spanish pension system, the arrival of one million immigrants per year would be necessary. This proposal, far from offering a viable solution, could significantly aggravate the country’s structural and economic problems. Public spending on pensions has shot u…