b'Table 9 Employment rate in high income nationsCountryEmployment rateIceland85.8%Switzerland80.0%Japan76.3%United Kingdom74.4%Norway74.1%Canada73.7%Australia73.6%USA70.5%European Union68.0%Eurozone66.8%Source:OECD 2.2. Demographics Many of the countries with the highestWhat is then likely to happen? We can be unemployment rates also have rapidly ageingsure that the EU would have wanted to look populations. In 2015, in Greece, Italy andto its (now former) second greatest Portugal, more than 20% of their citizenscontributorthe UKfor even more and/or were over 65. Of still greater concern is thatto keep the UK paying in, even from outside more than 20% of Germanys citizens werethe EU. This has already come to pass, over 65 that year. Germanywith the UK through the extra 2.1 billion that the EU was the principal paymaster of the EU. Commission demanded from the UK because Greece, Italy and Portugal all currentlyits economy performed better than other EU depend on German bailouts. As the averageeconomies over the previous budgetary age of Germans advances towards 50, theperiod.At the time the Commission claimed question arises: for how long will Germany bethat Eurostat`s calculations of the countrys able to afford to supportlet alone bail out gross national income (GNI) were more the EU member states of Southern andaccurate than those of the Office of National Eastern Europe? Inevitably, an increasingStatistics (ONS). The UK stupidly, in the proportion of German taxes will go to supportauthors view, agreed to make two interest-the increasing number of Germanys ownfree payments of this amount in July and pensioners. It may then become very difficultSeptember 2015.for Germany both to support its own large retired population as well as those of Italy, Greece and the rest. 32'