The German pension system is completely insane. There is no fund backing it, and disbursements already exceed contributions to the tune of 127B EUR per year (which is subsidized from the general budget) and the gap is only growing.
Probably explains a good chunk of Germany's and the EUs anemic growth. Simply put, that's 127B EUR that can't be spent investing in the future and growing the economy.
Probably explains a good chunk of Germany's and the EUs anemic growth. Simply put, that's 127B EUR that can't be spent investing in the future and growing the economy.