By Theresa Camoriano
Today we received a Christmas card from my husband’s cousin in Italy. It provided a small window into what is happening in Europe.
First, his cousin said that he had expected to retire this year but now, due to new laws, he will not be able to retire until 2024 (an additional eight years). It seems that economic reality is hitting Italy. They have had a very low birth rate for many years, so there are not enough young people to support those who want to retire. As a result, people will have to work more years before they can retire. The politicians have made promises that they cannot keep. Of course, we have a similar issue in the U.S., even though it is not yet as severe as in Italy.
He also said that the purchasing power of the Euro has fallen. Then, he mentioned all the vacations he took in 2015, which must have involved at least one month away from work. The Europeans may be working to an older age than before, but they are not getting too carried away with the concept.
He also expressed great concern about the wars going on in Africa and the Middle East, with all the terrorist attacks in Europe and with Europe admitting so many people “whose intentions are not exactly peaceful”.
He concluded with the statement that it is time for people to consider escaping from Europe – at least the younger people.
What a sad state of affairs. The conditions in Europe are so bad that its middle class people are thinking it is time to leave. Unfortunately, that is exactly the shape in which the U.S. will be very soon if we continue following the leftist policies that have put Europe in its current mess.
Politicians can make lovely promises, and they can pretend that they have the ability to overcome the laws of nature and of economics, but reality eventually hits. The Europeans are learning that there is no free lunch and that there are bad people in the world against whom we need to defend ourselves. I hope Americans will learn that lesson before we also feel the need to escape.
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