Funding the hole in Spain’s pension pot left by Rajoy’s economic miracle

Maybe it’s me, but my impression is that the quality of official EU translation has deteriorated quite sharply in the past few years. But I think we all know, in article 60 of the IORPs Directive, which the Commission is trying to smuggle past national parliaments without discussion or publicity on this busy summer weekend, what a “a Union legal framework” is and what “the Union may adopt measures” will shortly mean for Dutch pensioners in the face of the inevitable Spanish disaster:

(60) Since the objective of the proposed action, namely to create a Union legal framework covering institutions for occupational retirement provision, cannot be sufficiently achieved by the Member States and can therefore, by reason of the scale and effects of the action, be better achieved by the Union, the Union may adopt measures, in accordance with the principle of subsidiarity as set out in Article 5 of the Treaty on European Union. In accordance with the principle of proportionality as set out in that Article, this Directive does not go beyond what is necessary in order to achieve that objective.

There may still be money to be made betting on fiscal transfers as opposed to the collapse of the euro.

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Last updated 02/07/2016

Barcelona (1366):

English language (462):

Föcked Translation (414): I posted to a light-hearted blog called Fucked Translation over on Blogger from 2007 to 2016, when I was often in Barcelona. Its original subtitle was "What happens when Spanish institutions and businesses give translation contracts to relatives or to some guy in a bar who once went to London and only charges 0.05€/word." I never actually did much Spanish-English translation (most of my work is from Dutch, French and German) but I was intrigued and amused by the hubristic Spanish belief, then common, that nepotism and quality went hand in hand, and by the nemeses that inevitably followed.

Spain (1835):

Spanish language (501):

Translation (788):


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