Elstat has published new population estimates for Greece. And what happened to Portugal, Ireland, Estonia, Spain Latvia, Lithuania, Romania or Bulgaria is happening to Greece, too.…
Which is a problem: Detroit went bust because its population dwindled from 1.7 million to 0.7 million – and the city council wasn’t able to cut financial obligations (including pensions) to a level which could be sustained by this much smaller number of people. In may of these countries this process is aggravated by, very low birth rates.Real-World Economics Review Blog
Fast population decline in Greece. Is it following the Detroit example?
Merijn Knibbe
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