Catherwood LibraryILR School

European governments are, to some degree or another, beginning to deal with a burgeoning fiscal crisis wherein the ranks of retirees are growing at a rate disproportionate to the social welfare system required to sustain them. However, the rising costs for many everyday goods and services and a dropin living standards among older workers and the elderly are fueling a political backlash that has led some governments to postpone measures or even suspend ones already passed.