This article written by John Mauldin is a 'must read'. Mauldin is often referred to as 'Maudlin' as he tends to emphasize the downside more than the upside, but in this article he hits the nail on the head. He takes a look at the retirement provision and shortfalls in many European countries and makes the case that over the next ten to thirty years, retirement promises and expectations will have to be re-evaluated. Problems of our making over the last hundred years will cause the retirement system as we know it to implode. We can only hope that common sense and sanity influence the necessary reforms. To read more click here.