Europe’s postwar welfare state was built for a younger, growing population. Today, aging communities are putting pensions, health care and public finances under mounting strain. As governments try to fund defense, infrastructure and education at the same time, the fight over who pays is spilling into politics and the streets. (Source: Bloomberg)
Can Europe Afford Its Welfare State?
Europe’s postwar welfare state was built for a younger, growing population. Today, aging communities are putting pensions, health care and public finances under mounting strain. As governments try to fund defense, infrastructure and education at the same time, the fight…
This article was originally published by
Bloomberg Markets
and is republished here under license.
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