Thursday, January 20, 2005

CIA TO THE EU: "YOU'RE HISTORY"

I've talked about this before, but it's worth repeating.

The CIA has now chimed in with a report saying that the EU is doomed unless massive reforms are instituted, particularly in Germany and France. Otherwise, they are headed for a painful economic collapse.

The social welfare state they've built is unsustainable. In an effort to achieve full employment and content citizens, they allow for shorter workweeks, lengthy holidays and generous retirement benefits. However, their "baby boomers" didn't have very many kids so their base population is getting older and will actually begin to decline.

One option is to allow more immigration, but most of the emigration to Europe is from Muslim countries, so the CIA estimates that ...Europe’s Muslim population is set to increase from around 13% today to between 22% and 37% of the population by 2025, potentially triggering tensions.

Yikes.

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