April 19, 2012

To Survive, Europe Must Trim Welfare State

Frederik Erixon, Bloomberg

AP Photo

Most criticism of government profligacy in Europe lately has focused on the obvious sinners, such as Greece, which already had massive public debts and deficits when the global financial crisis struck almost four years ago. When it comes to overspending on social welfare, though, Europe has no angels.


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TAGGED: Eurozone


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