Compared with Europe the US is in really good shape.
Euro makes out 57% of DXY, this famous End of the Dollar must be really imminent pic.twitter.com/FvHBLV0C2u
— Michael A. Arouet (@MichaelAArouet) November 4, 2023
The European Entitlements Crisis would likely manifest as a significant financial challenge where governments struggle to meet their obligations to provide various entitlements, such as pensions, healthcare, and social services, due to factors like aging populations, unsustainable fiscal policies, and increased demand for these benefits. This crisis could result in reduced benefits, increased taxes, higher retirement ages, and potential economic and social disruptions as countries grapple with finding sustainable solutions to address these challenges.