Monday, January 17, 2005
UPI January 16, 2005: The European Union will break-up within 15 years as a result of its countries being dragged down by unsustainable welfare programs, a CIA report says.
The CIA report warns by 2020, Europe could be thrown into economic decline by its aging population and the post-1945 military alliances of NATO would disband, the Scotsman.com reported.
"The current EU welfare state is unsustainable and the lack of any economic revitalization could lead to the splintering or, at worst, disintegration of the EU, undermining its ambitions to play a heavyweight international role," the report said.
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Restrictive labor policies, a drop in birth rates and increased longevity would have devastating economic consequences for Europe, the report says. .....---
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