Sunday, August 2, 2015

Merijn Knibbe — Fast population decline in Greece. Is it following the Detroit example?

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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