Current problems 'child's play' compared to looming super squeeze, says AMP chief

By James Eyers
Updated October 1 2014 - 7:13am, first published 1:22am
“That is the big challenge for the country - it is not the demand side but the supply side that needs addressing.”: AMP chief Craig Meller.  Photo: Ben Rushton/Fairfax Media via Getty Images
“That is the big challenge for the country - it is not the demand side but the supply side that needs addressing.”: AMP chief Craig Meller. Photo: Ben Rushton/Fairfax Media via Getty Images
“That is the big challenge for the country - it is not the demand side but the supply side that needs addressing.”: AMP chief Craig Meller.  Photo: Ben Rushton/Fairfax Media via Getty Images
“That is the big challenge for the country - it is not the demand side but the supply side that needs addressing.”: AMP chief Craig Meller. Photo: Ben Rushton/Fairfax Media via Getty Images
“That is the big challenge for the country - it is not the demand side but the supply side that needs addressing.”: AMP chief Craig Meller.  Photo: Ben Rushton/Fairfax Media via Getty Images
“That is the big challenge for the country - it is not the demand side but the supply side that needs addressing.”: AMP chief Craig Meller. Photo: Ben Rushton/Fairfax Media via Getty Images
“That is the big challenge for the country - it is not the demand side but the supply side that needs addressing.”: AMP chief Craig Meller.  Photo: Ben Rushton/Fairfax Media via Getty Images
“That is the big challenge for the country - it is not the demand side but the supply side that needs addressing.”: AMP chief Craig Meller. Photo: Ben Rushton/Fairfax Media via Getty Images

The federal government's move to leave the superannuation guarantee at 9.5 per cent only adds to looming pension problems that will take Australia down the path of struggling European economies and make the current budgetary malaise look like child's play, AMP chief executive Craig Meller warns.

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