continuing from part 1 of the Willem Buiter interview with het Financieele Dagblad, here's the translation. It's a very good interview. I will have reactions at a later date.
Population pyramid on its head
"There needs to be a political rethink, not only in Spain but also in the periphery and throughout Europe. But there's a big problem because our population pyramid is upside down.This means that the elderly outvote the young. It is not enough to reduce spending and increase taxes. A vote must be given to the generation that risks ending up on the scrap heap. I am worried -- both as an economist and the father of two children. Don't just look to the central bank and finance ministries. Look at social affairs and economic affairs and the political system. There must be refor...
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Edward Harrison is the founder of Credit Writedowns and a former career diplomat, investment banker and technology executive with over twenty five years of business experience. He has also been a regular economic and financial commentator in print and on television for the past decade. He speaks six languages and reads another five, skills he uses to provide a more global perspective. Edward holds an MBA in Finance from Columbia University and a BA in Economics from Dartmouth College.