That‘s the most scary chart I have seen in a while. Unfunded pension entitlements in major European countries between 300% and 500% of GDP. Mixed with collapsing demographics it’s a recipe for debt disaster.

That‘s the most scary chart I have seen in a while. Unfunded pension entitlements in major European countries between 300% and 500% of GDP. Mixed with collapsing demographics it’s a recipe for debt disaster. pic.twitter.com/pTRK9Ge6vn

— Michael A. Arouet (@MichaelAArouet) July 6, 2024