There is no way of defending the continent without cuts to social spending
“In that rare thing, an Angela Merkel statement that aged well, the long-serving German chancellor worried that Europe accounted for 7 per cent of the world’s population, a quarter of its economic output and half of its social spending. Those numbers have modulated somewhat in the subsequent 13 years, but the gist of her point holds”.
Fonte: Financial Times
Autore: Janan Ganesh
Link: Europe must trim its welfare state to build a warfare state
