alphacat
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- Jul 8, 2005
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Reading through this site and others, in conversations and in the the press, it is startling apparent to me that Europeans who regard themselves as well informed are actually amazing misinformed about so many issues.
This is a thread to dispel so of the misunderstood ideas and facts I have which hare out there.
To begin, economics. I am amazed by the fact that until very recently, no European I talked to seemed aware of the precarious situation in Europe with regard to the impending bankruptcy of the nanny state. Even though this has begun to seep into the public consciousness, the stark and extreme nature of this problem are still unknown in Europe.
For purposes of reference, here are the figures expressed as a percentage of GDP which some selected states owe in unfunded public pension liabilities, just one aspect of social services:
U.S. 14%
G.B. 18%
France 79%
Germany 87%
Italy 195%
Belgium 264%
Denmark 350%
Sweden 475%
Now, remember, debt is always to be measured vis a vie economic and population growth. The U.S. economy is growing briskly while the E.U. is stagnant. U.S. population is expected to rise to 500 million by 2100 while the E.U.'s is expected to fall to 370 million.
This is a thread to dispel so of the misunderstood ideas and facts I have which hare out there.
To begin, economics. I am amazed by the fact that until very recently, no European I talked to seemed aware of the precarious situation in Europe with regard to the impending bankruptcy of the nanny state. Even though this has begun to seep into the public consciousness, the stark and extreme nature of this problem are still unknown in Europe.
For purposes of reference, here are the figures expressed as a percentage of GDP which some selected states owe in unfunded public pension liabilities, just one aspect of social services:
U.S. 14%
G.B. 18%
France 79%
Germany 87%
Italy 195%
Belgium 264%
Denmark 350%
Sweden 475%
Now, remember, debt is always to be measured vis a vie economic and population growth. The U.S. economy is growing briskly while the E.U. is stagnant. U.S. population is expected to rise to 500 million by 2100 while the E.U.'s is expected to fall to 370 million.