The European Pension Problem and what the U.S. should Learn from It

[This post was written for Sound Economics by Geremia Lizier-Zmudzinski] The 20th century saw a rise in global prosperity as medical and economic advancements contributed to vast improvements in the life of the average person. However, they haven’t come without unintended consequences – one of which is now very obvious in Europe. Thanks to rapid progress in medicine and health care, life expectancy across European countries has risen from 69 to 80 since the 1960’s. Meanwhile, as industrialization, global trade, and technological improvements, to name just a few factors, have improved the quality of everyday life, people are less inclined Continue reading The European Pension Problem and what the U.S. should Learn from It

A Little Context for the Greek Debt Crisis

If you’ve paid even the slightest bit of attention to international affairs, you’d know that Greece has been in economic trouble since the Great Recession, which resulted in the Greek Debt Crisis a year later. The subsequent handling of the crisis between Greece and its creditors is an issue that I’m looking forward to discussing in the future. However, I’d like to discuss a different aspect of Greece and the Eurozone. The Eurozone refers to countries within the European Union, whom, once they’ve met certain financial requirements, may ditch their local currency, and adopt the Euro. Having a common currency Continue reading A Little Context for the Greek Debt Crisis