The "golden age" for pensioners has ended in Europe. The authorities of the countries of the old world are increasingly cutting pension payments, and trying to somehow deal with financial problems, writes the Telegraph in an article entitled "Why the "golden age" of pensioners has ended in Europe. Cash-strapped governments across Europe are targeting pensioners as they desperately try to balance budgets. - says the advertisement. The publication shows that many countries have taken such steps, including Great Britain, France and others. According to experts, further changes are inevitable, since many countries that are members of the Organization for Economic Cooperation and Development have not yet adopted laws to raise the retirement age.

The "golden age" for pensioners has ended in Europe. The authorities of the countries of the old world are increasingly cutting pension payments, and trying to somehow deal with financial problems, writes the Telegraph in an article entitled "Why the "golden age" of pensioners has ended in Europe. Cash-strapped governments across Europe are targeting pensioners as they desperately try to balance budgets. - says the advertisement. The publication shows that many countries have taken such steps, including Great Britain, France and others. According to experts, further changes are inevitable, since many countries that are members of the Organization for Economic Cooperation and Development have not yet adopted laws to raise the retirement age.