[vondur]

Should be interesting in the years ahead. Europe appears to be getting poorer and that may accelerate as these European governments have to spend more on defense to counter Russian ambitions. The French are pretty adamant about retirement age tampering by the government.

[cjbenedikt]

"European states will go bust, the argument goes, and then Europeans will have to work like Americans. The facts suggest otherwise. The US has a higher government debt-to-GDP ratio than almost all European countries: 123 per cent, nearly double that of work-shy Germany, and triple Norway, Sweden and Denmark, reports the IMF."