Three issues dominate the public policy debate over savings in Continental Europe. First, can private savings substitute for public pensions in the provision of retirement income, given that the current gen-erosity of pay-as-you-go financed pensions is hardly sustainable in the light of...

Negative perceptions about migrants in Europe, the Continent with the largest social policy programmes, are driven by concerns that foreigners are a net fiscal burden. Increasing concerns are pressing Governments, in the midst of the recession, to reduce welfare access by migrants or further...