With more people, and fewer producing goods and services, there will be less output for each of our citizens. BIS Review 18/2008  1  For another thing, the projections, if realised, would put enormous strains on our public finances.
To give you an indication of the magnitude of these strains, according to projections prepared in 2002, pension expenditures in Greece will rise from 12.4% of GDP in 2005 to 22.6% of GDP in 2050, i.e. by 10.2 percentage points of GDP.