-9
I am going to flat out tell the facts as I see it. Europe in general has very serious negative birthrates. Plus, Europe in general has generous fringe benefits for their people including a generous pension system. I am going to tell you flat out there is no way that with negative birth rates these benefits can be sustained. The math does not add up. Europe will need immigration to fix this or somehow get their native population to increase the birth rate, which is unlikely since when people get more educated they have less children.
The workforce is aging and will retire and there will not be enough workers to fund the pension and fringe benefits. This will become a serious crisis.
The markets will not lend money to countries that do not reform and fix these serious problems. Italy already had Bond yield in 2011 hit 7%. That is scary. Just having a yield reach 7% forced berlusconi out of office. It is a ticking time.
http://www.slate.com/articles/news_a...igration_.html
Bookmarks