October 30, 2013
Italy: The Nation That Crushes Its Young
Beppe Severgnini, New York Times
The Associated Press
America’s baby boomers are not alone in the world. Every Western country produced a substantial postwar generation that has no intention of stepping aside. But Italy is special. Old-age pensions swallow 14 percent of the country’s gross domestic product and 57 percent of all social spending. No other country in Europe spends so much on making its past comfortable.
TAGGED: Italy, Europe