Europäische Geschichte beginnt in Athen und Rom. Und genau dort wird sie auch enden:

The next fall of Rome

Schoolchildren around the world learn that European history starts with Athens and Rome. In future times, they will also be taught that the end of modern Europe began in the same places.

The European welfare state model hit the buffers in Greece’s fiscal crisis. Universal cradle-to-grave care for everyone as practised by consecutive Greek governments will never return. Not because European politicians would not want to provide it but because such promises can no longer be paid for. Greece’s current budgetary near-death experience only foreshadows what most of Europe will suffer in the coming years.

There is, however, another problem looming on the European horizon that may trigger an even more severe crisis than increasing sovereign debt. A demographic earthquake is going to shake the very foundations of European society. To feel its first tremors, there is no better place to visit than Italy.

Hier weiterlesen.