Spain needs pension reforms now to avoid collapse

Spain's current pension system faces collapse due to an aging population and low birth rates, demanding immediate reform to avoid failure. The existing pension model, designed for a different era, relies on a growing workforce supporting retirees, a dynamic now reversed. The system is unsustainable with fewer workers contributing and longer lifespans. Proposed solutions include incentivizing birth rates and controlled immigration to bolster the workforce, but these measures require careful implementation to avoid exacerbating existing issues.