Catherine Grèze (Verts/ALE), in writing. – (FR) With regard to the report on pension systems in Europe, this is a very sensitive subject. Although some truly positive elements can be found in this text, it would be totally unacceptable for the mechanism of old-age insurance to be considered through the prism of budgetary constraints, with capital-based pensions encouraged as a result. Being in favour of intergenerational solidarity, I could not vote in favour of a report that would be liable to promote the development of capital-based pension systems.