The EU will not have enough workers to pay for its growing number of pensioners on current trends. Economists and policymakers have relocated beyond scraping their (greying) heads in despair. They concentrate on what you can do to ease and perchance 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 happens to be 1.5, well underneath the 2.1 had a need to take care of the measurements of a populace. In Germany and Italy, the fertility price is nearer to 1, which means that each generation is 60 percent smaller compared to the earlier one. A lot more worrying but less well-known is the proven fact that population decrease – similar to populace growth – is exponential. Continue reading