EU’s Big Social Meltdown
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This article from The Brussels Journal is like the canary in the coal mine for the U.S.
Europe’s Ailing Social Model: Facts & Fairy-Tales
By Martin De Vlieghere and Paul Vreymans.
March 23, 2006On 23 and 24 March the European Council is meeting to discuss the future of Europe’s social model. The very essence of the welfare state is at stake. Europe’s present social model is unable to tackle the modern challenges of globalization, and has left Europe with gigantic problems: an unsurmountable public debt, a rapidly ageing population, 19 million unemployed, and an overall youth unemployment rate of 18%. The unemployment figures may easily be doubled to account for hidden unemployment. The untold reality is that Europe’s real unemployment stands at the level of the 1932 Depression. Read the rest>>
