As Pension Crisis Looms, Golden Years Fade: Clive Crook

March 7 (Bloomberg) -- The resolution of every economiccrisis sows the seeds of the next.

Public pension systems in advanced and emerging economiesalike were already under stress before the Great Recession. Thepast few years’ destruction of wealth and the likelihood ofslower growth in the future have weakened them further and willput some under intolerable pressure.