Worldcrunch
In France, the ratio of around 1.5 contributors to one pensioner is threatening the balance of the pension system. As in Anglo-Saxon countries, the possibility of pension underfunding is looming. But the creation of a National Pensions Fund could change all that.
To prevent France’s current institutional crisis from leading to a regime crisis, it is not a question of the much criticized pension reform — or even that Emmanuel Macron must resign. A change is needed in the very way French democracy functions.
France, Israel, United States: these three democracies all face their own distinct problems. But these problems are revealing disturbing cracks in society that pose a real danger to hard-earned progress that won’t be easily regained.
Germany is expected to lose more than 13 million inhabitants by 2060. Even when immigrants and higher birth rates are factored into the equation, Germany is growing too old too quickly. Only drastic political solutions, such as moving the retirement age u