Italgato wrote:The Eu may not be as muscular as some people think. 10% Unemployment in France and Germany. Warnings that retirement ages may have to be raised since it is likely that there will be insufficient funds available for the huge number of retirees. A very low birth rate in Italy( 1.3) and Spain( 1.4) which guarantees that they are in ZPG. A 1% GDP in Germany. The refusal of Sweden to adopt the Euro.
The EU? Thomas Friedman, in his "The Lexus and the Olive Tree" concerning "golbalization" points out that when the USA sneezes, the EU catches a cold!
Those "some" live not in Europe, I suppose.
You are correct about the retirement age: 55 in Austria and France, 57 in Italy, 62 in Germany is really "very young".
However, most European "pension funds" are no funds as most understand: what I pay now, is not for me, but for those, who are already retired. Since the sum is guarantied, we have to pay more in the funds.
Sweden. Government and industry/economy were pro-Euro, the majority of the population, who voted, against it. (Sweden proportion on total EU-economy is 3%.)
You know perhaps that the U.S. birth rate fell last year to the lowest level since national data have been available: 1.39 .
Perhaps Friedmann MD can give European governments some healthy advice? I'm sure, 15 nations plus the ten new will appreciate this!