Entitlements Europe's Coming Fiscal Cliff
Europe's welfare systems won't be able to handle an aging society without a lot more money
eports from the European front might be positive today, but the optimism is sure to fade again. Bailing out struggling banks, consensus on a tighter union, and a stimulus fund to create jobs and economic growth, not only sound good, but have some concrete specifics attached.
Urgent steps have been taken to fortify financial systems in Greece, Spain, Portugal, Italy or, we might recall, even the normally financially solid and fiscally reliable Dutch. Yet, as European leaders conclude their 22nd Summit in Frankfurt, Germany on the debt and financial crisis, they have ignored the more compelling problems of an aging society.
H/T Lord Humungus