“Slowly but unsurely, Europe is facing up to population trends that will sap long-run economic growth. Some countries are getting an early taste of difficulties that await Europe as the continent’s baby boomers retire and, because of flagging fertility rates, the average age of those left in the labour force rises.  Spain, Portugal and Ireland all lost about 2 percent of their working-age adults between 2010 and the first quarter of 2013, raising the question of who pays for pensions and age-related health care costs in countries that are educating their youngsters only to see many of them emigrate and pay taxes elsewhere.”

http://in.reuters.com/article/2013/07/31/economy-europe-demographics-idINDEE96U0BB20130731

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