Pension Reform Dismissed Amid Soaring Rents, Gambling Crackdown
Get European news in your inbox daily
A short daily digest of the whole continent — or just the countries you care about.
Check your email. We've sent a confirmation link — click it to complete your subscription.
A government-commissioned study proposing significant reforms to the pension system, including a public allowance for children and a consumption-based savings system, has been dismissed by the government. Officials have stated the study is merely 'a contribution' and have ruled out any structural reform of Social Security during the current legislative term.
Meanwhile, the housing crisis continues to deepen, with rental room prices now reaching 527 euros, alongside a 25% drop in available supply. A national plan to provide 19,000 public beds has seen only 5,094 completed, with private specialized offers now dominating the market in major cities.
In other news, over 1800 illegal online gambling operators have been notified to cease operations, as profits for legal online gambling companies continue to soar. Additionally, four firefighters sustained injuries in a vehicle accident in Arouca while responding to wildfires across the country, and company registration services are experiencing significant delays, some exceeding two thousand days.