13/10/2014: Germany: Too Old to Read Paul Krugman or Rescue Europe

You want to know WHY Germany ain’t ‘saving Europe’ in a fashion favoured by Paul Krugman? Read this:

Key point, of course, is demographics. Germany already experiencing shrinking working age population pool. And this process is only going to accelerate.
Here are 2009 projections for worker/retired ratios in economies:

This post was published at True Economics on October 13, 2014.