[Goanet] PIGS & PIIGS

[Vivian A. DSouza]

I believe that all of Europe is in trouble or heading for economic troubles 
with 
their extensive social welfare programs and pension burden, and a demographic 
structure weighted towards the elderly.  Japan is in a similar situation.  As 
the percentage of the elderly in the total population continues to grow,the 
burden falls on a declining population of working age adults.  The solution to 
the problem as the Greeks are finding out is very unpalatable.  So PIGS, PIIGS 
and more.............