Posts tagged 'Europe'

May 5, 2009
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Spain’s Unemployment Offers Economic Warning

Actually, I'm not referring to the level of unemployment when I say "Peering into Our Future." If you follow Shadow Stats, you'll know that we've already gone well past that figure (into the 20-percent range). What I'm referring to is the black market that developed in response to the recession, which has become a major source of income for the unemployed. Also, a spate of labor laws make it ...
March 31, 2009
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Recession, European-Style: More Paid Time Off

I'm beginning to think this recession, depression, or whatever it is, is going to make Eurosocialists out of all of us, even me who was bred on free market capitalism (and often victimized by it too). There's a great discussion forum on the New York Times online blog that highlights the differences in approaches across the pond. The Germans seem to really have it made, social safety net-wise, ...