The Great Portugal Hollowing Out

Portugal has lots of economic problems and this article describes them well.  The demographic problems are not easy to fix.  The birth rate is below the replacement rate and young people are emigrating to find work.  The emigration improves Portugal's unemployment rate since many of the unemployed are leaving the country.  Like many other countries, Portugal will have hard time funding its programs for the elderly.  There will be fewer working people to pay for an aging population.