Ieder land heeft zo zijn zomerrituelen. België heeft de Studiecommissie voor de Vergrijzing. Elk jaar, aan de vooravond van de zomervakantie, publiceert deze commissie in het Planbureau een lijvig rapport vol ramingen over wat de Babyboomers in hun oude dag gaan kosten.

In his book "Capital in the Twenty-First Century", the French economist Thomas Piketty gives a stunning demonstration of how capital has become concentrated in the hands of a few and grown faster than the economy, except during the 30 years of post-war growth.

Apart from stabilising its public debt, the real challenge facing this country is the funding of pensions and healthcare. Long overlooked, this problem is obscured by the lack of proper accounting by the State.

If we still needed just one final proof that the eurozone has gone into deflation, in other words into a situation of falling prices and more or less zero growth, we now have it. On 5 June, the ECB may cut the interest rate on its deposits so much that they become negative.

 « Mettez un bon enseignant dans un mauvais système, et le système gagne chaque fois. »