Germany heading for financial MELTDOWN set to sink the EU, says leading expert
WITH the biggest economy in Europe, Germany is the glue that underpins the eurozone but it could soon come unstuck.
By LANA CLEMENTS
Express.co.uk
Thu, Dec 10, 2015
The country’s power is set to unravel thanks to a toxic mix of misguided policies and demographics, according to one analyst.
Germany this year dropped below Japan to have the lowest birth rate in the world.
For every 1,000 people in the European country, just 8.2 babies are born a year.
This is a huge problem because the 1950s and 1960s baby boomers are starting to enter retirement.
Germany has one of the highest basic state pensions in the world and it needs a lot of people in employment and paying tax to keep it going.
However, the population is quickly becoming extremely top heavy, with fewer and fewer young workers to support the increasing older population.
This could lead to a huge financial crisis for the country and subsequently the whole of Europe, according to Harry Dent, a top America’s economic forecaster and analyst.
Speaking at the Elite Investor Summit, he said: “This will be the big surprise of the next few years.
“Germany has a steeper drop in the next seven or eight years in spending demographically than Japan had in the 1990s.
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