Just look at germany, we are the core country of the EU. We are cooked. We need NOW a lot of reforms that should’ve been done 20 or more years ago, but the corrupt governments of the last 20 years just used the money from when we had good economical times to put it into their own pockets. Most notably, our pension system will crash, although the demographic problems have been obvious for like 40 years or so. Our pension system works basically where the working people finance the pensions of the pensioners. But this system doesn’t work if the number of pensioners every year rises and simultaneously the amount of working people decreases. Already the government has to subsidize this system MASSIVELY because the pension contributions from the working people aren’t enough to pay all pensions. We talking about LITERALLY a third of federal budget next year will be used to pay pensions. This means we barely have any money left for projects that will help us modernize the country, which is desperately needed in basically all areas.
Just look at germany, we are the core country of the EU. We are cooked. We need NOW a lot of reforms that should’ve been done 20 or more years ago, but the corrupt governments of the last 20 years just used the money from when we had good economical times to put it into their own pockets. Most notably, our pension system will crash, although the demographic problems have been obvious for like 40 years or so. Our pension system works basically where the working people finance the pensions of the pensioners. But this system doesn’t work if the number of pensioners every year rises and simultaneously the amount of working people decreases. Already the government has to subsidize this system MASSIVELY because the pension contributions from the working people aren’t enough to pay all pensions. We talking about LITERALLY a third of federal budget next year will be used to pay pensions. This means we barely have any money left for projects that will help us modernize the country, which is desperately needed in basically all areas.
And ten years from now Germany will still be there, you’re better off than you think. Changes are needed but there is no need for doomerism IMO.