Joel Kotkin, Forbes | May 31, 2012
So long as Europe continues its demographic slide, the continent will continue to decline. ++ For example, Spain's fertility rate is one of the lowest in Europe as well as the world. ++ But unlike say Germany, Spain and the Mediterranean countries in Europe cannot count on their economies to draw in new immigrants. ++ These countries will experience ever-higher proportions of retired people relative to those working. ++ This means there should be major policy shifts that favor families in housing and tax policies.