Angela Merkel used to say that “the European Union is about 5% of the world’s population, about 25% of its GDP, and about 50% of global welfare spending”:

The real data is more concerning.

The European Union is:

7.2% of the World Population.
23.8% of the World’s GDP.
58% of the World’s Welfare Spending.

Something has to give.

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https://mises.org/blog/europes-unsustainable-welfare-state#.WWxZyUeh0UQ.facebook