The EU will not have enough workers to pay for its growing number of pensioners on current trends. Economists and policymakers have actually relocated beyond scraping their (greying) heads in despair. They consider what you can do to ease and perhaps reverse the trend. That is additionally whatever they did at final week’s Munich Economic Summit that brought together a few of the world’s most useful individuals about the subject (http://www.munich-economic-summit.com/mes_2007/participants.htm).
The EU’s average fertility rate has become 1.5, well below the 2.1 necessary to take care of the size of a population. The fertility rate is closer to 1, which means that each generation is 60 per cent smaller than the previous one in Germany and Italy. A lot more worrying but less well-known is the known undeniable fact that population decline – exactly like populace growth – is exponential. In Germany, the delivery price started to fall into the 1960, ahead of when Italy, Spain as well as other EU nations. (more…)