Impact Bad: - More conservative/populist governments - Poland, Hungary, Czech Republic, Russia. These governments usually increase spending to buy voters. - T

Impact Bad: - More conservative/populist governments - Poland, Hungary, Czech Republic, Russia. These governments usually increase spending to buy voters. - The retirement systems is a massive ticking bomb. Next economic crisis will bring some Greek moments again but in central Europe. - Less competitive, smaller cities have a hard time to retain young people. Cities with less than 100k people are slowly collapsing.