Spain govt to back pension reform after union deal | Reuters: "Spain's cabinet is due to approve pension reforms on Friday that will raise the retirement age to one of the highest in Europe, measures the government hopes will ease pressure on the country from financial markets.
The government announced on Thursday it had reached a deal in principle with unions under which most Spaniards will retire at 67 rather than 65 at present.
While the reforms will have no effect on the budget before 2015, they mark a further step as the government tries to restructure an economy with the highest unemployment rate in the euro zone and weak growth prospects."
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