The Incredible, Vanishing Europeans

The often quotable Mark Steyn writes about Greece and its troubles, at his Steyn Online blog.

The entitlement state disincentivizes everything from wealth creation to self-reliance to the survival instinct, as represented by the fertility rate. If the problem with socialism, as Mrs Thatcher famously said, is that eventually you run out of other people's money, the problem with Greece and much of Europe is that they've advanced to the next stage: They've run out of other people, period.

Birthrates in Southern Europe are far below replacement level. Hat tip to Lucianne.com for the link.