My son Antonio just turned 21 years old, and I’m worried. Not only is his generation of young Italians grappling with the longest economic slump in modern times, but they also have to deal with us, their fathers and mothers.
I’ve taken to calling us the Generazione Pitone, the Python Generation. We refuse to give ground, and instead slither forward and ingest everything in our path. We have stamina. We are selfish. We have a soundtrack (that’s why Bruce Springsteen is still touring). And now that we’re getting old and retiring, we cost plenty.
America’s baby boomers are not alone in the world. Every Western country produced a substantial postwar generation that has no intention of stepping aside. But Italy is special. Old-age pensions swallow 14 percent of the country’s gross domestic product and 57 percent of all social spending. No other country in Europe spends so much on making its past comfortable……To Read More….
My Take – Another reason why the EU is doomed.