Do you not think that there are negative consequences of the aging of Europe though?
As the ratio increases there may be an increased burden on the productive part of the population to maintain the upbringing and pensions of the economically dependent. This results in direct impacts on financial expenditures on things like social security, as well as many indirect consequences.
The Economic Policy Committee and the European Commission issued a report in 2006 estimating the working age population in the European Union will decrease by 48 million, 16%, between 2010 and 2050, while the elderly population will increase by 58 million, 77%.
Whilst it's hard to assume much from those statistics, if these statistics were true, do you not think that there would be more demands from the large elderly population for medical needs and care? Or that there will be more people claiming benefits like state pensions and less people working and paying income taxes? If the statistics are true, a 60 million person increase in senior pensioners and a 50 million person decrease in the workforce could be a problem. I tend to think that the aged are in an "eskimo" position as you said.

Of course, the answer many governments use to keep a healthy workforce is immigration, but I don't know if Europe is ready for further large-scale immigration. Imo, whether or not you choose to recognize it, there are going to be resulting social problems from dropping fertility rates...
Just F.Y.I, not being alarmist, in fact I think it's great that we're seeing population declines because I don't think the world needs more people; and it seems to be a universal trend, but I wonder if it is truly as much of an issue as a lot of experts say it is (I know it's pretty big here right now).