Ageing deepens debt-laden Europe’s economic woes

Long after the debt crisis is over, Europe will be grappling with an even more serious problem - how to pay for growing numbers of old people.

The population of some countries is stagnant or already shrinking, notably Germany’s. That will reduce savings and potential economic growth.

The workers who remain are getting older and so are less productive. That will hold back living standards.

And the ranks of retirees are swelling. That will threatening the financing of pensions and health care.

via Business feed http://www.scmp.com/business/economy/article/1222153/ageing-deepens-debt-laden-europes-economic-woes