- 07 Aug 2017 21:48
#14831102
Europe has not experienced massive economic instability since the years which followed WWII. And in the 1920s there were examples such as Weimar Germany where hyperinflation was very severe.
Social security in Europe is partly ensured by the existence of the welfare state. It is possible to live for a period of time on a state pension if you are unemployed until you find work.
However, if Europe experienced a massive economic crisis leading to hyperinflation, would the welfare state collapse with it?
Social security in Europe is partly ensured by the existence of the welfare state. It is possible to live for a period of time on a state pension if you are unemployed until you find work.
However, if Europe experienced a massive economic crisis leading to hyperinflation, would the welfare state collapse with it?