A recent chart comparing pension entitlements across EU and EFTA countries exposes significant disparities in funding models and potential sustainability challenges.

Southern European countries dominate the top of the chart, with Spain's total pension liabilities exceeding 500% of GDP. Greece, Italy, and France also show very high levels. Northern and Western European nations generally have lower overall liabilities, but a much higher proportion of private/funded entitlements.

Most countries rely heavily on unfunded pension promises, with only the Netherlands, Denmark, Switzerland and Iceland having over 50% of entitlements funded.

Eastern European countries tend to cluster at the lower end of total liabilities.

This data raises important questions about the long-term sustainability of pension systems, particularly in Southern Europe where aging populations meet high unfunded liabilities. It also highlights the different approaches to pension funding across the continent, from pay-as-you-go systems to more market-based models.

As demographics shift and economic pressures mount, these disparities could lead to increased tensions within the EU over fiscal policies and potential bailouts. Countries with heavily unfunded systems may face difficult choices in the coming decades between cutting benefits, raising taxes, or taking on more debt wich of course will always be the favorite poitical solution as it can be hidden in manipulates inflation data until a fiat financed ponzi scheme like this pension system hyper-inflates. Conclusion: They will print currency like drunken sailors.