SteynOnline (via Instapundit):

For all M de Villepin’s dreams of Napoleonic glory, his generation of French politicians will spend the rest of their lives managing decline. By 2050, there will be 100 million more Americans, 100 million fewer Europeans. The US fertility rate is 2.1 children per couple, in Europe it’s 1.4. Demography is not necessarily destiny, and certainly not inevitable disaster. But it will be for Europe, because the 20th century Continental welfare state was built on a careless model that requires a constantly growing population to sustain it.