As part of its pension reforms, Spain has raised its retirement age to 67 from 65. The move, which the Spanish government and major labor unions have negotiated for about a year, is seen as a response of Spain to investors demanding improved public financial management, The New York Times reports.

    About the author

    • Ma. Rizza Leonzon

      As a former staff writer, Rizza focused mainly on business coverage, including key donors such as the Asian Development Bank and AusAID.