“too many freeloaders riding in the cart and too few people pulling it, same as here”
Read an article in an European paper last week after they upped the bank rate, the economist was talking about the situation inItaly, and he said quote “The average hourly wage in Italy is three dollar more than in the US, and the productivity is 14 dollars less” end quote, so if we are having problems here, and we are, how is it going to turn out well for them. Stop spending more than you earn is the only way to fix it
Those numbers munin posted are disgusting if true. What's funny is the productive Euros having to prop up the Speedo wearing loverboys.