There is a lot of talk about broken French pension system, but take a look at Spain and Italy.
— Michael A. Arouet (@MichaelAArouet) September 14, 2025
What’s making it even worse there, are really low birth rates in both countries. Who is supposed to pay so generous Spanish and Italian pensions as we go forward?
Chart @pablogguz_ pic.twitter.com/6ckn7J7D7m
