The bank isn’t dictating policy. The bank is telling people what the numbers mean.
A 67-year-old German has a life expectancy of about 84. So his pension will have to support him for 17 years. There is just not enough money in the pot.
However, if he works until 70, there is more money in the pot, and his pension only has to support him for 14 years. This is an easier problem to solve.
Of course, people should just make their own intelligent decisions about these things. But that ship sailed a long time ago.
Those numbers are dependent on retention of the social market economy.
And the Bundesbank is far more influential on both the economy and the government than people unfamiliar with that system may realize. This extends to the eurozone too, what with the heavy influence on the European Central Bank, which is its clone.
People cannot work until 70 years old. Some occupations, Govt regulates you out of a job. The other private occupations, age discrimination is an old age ban on work.
In some South American countries, by age 30, you are no longer employable, yes by age 30. In USA, age 55 and over, many are unemployable.
Raise SS age to 120 years old, is one solution.
The solution is simple math. Count everyone over age 65, invert and multiply by the total dollars, i.e. adjust monthly benefit.
This is not rocket science. Adjust the age, eg 70 to steal more SS funds.
Adjust the amount, is honest accounting.
You should notice the lying media NEVER mentions the simple solution, because their intent is to steal more funds.
(The audience cheers wildly, thank you thank you. Lol)