Fiscal crises threaten Europe’s generous benefits
By Michael Weissenstein, Associated Press via Yahoo! Finance, 23 May 2010
Six weeks of vacation a year. Retirement at 60. Thousands of euros for having a baby. A good university education for less than the cost of a laptop … Now the welfare state — cherished by many Europeans as an alternative to what they see as dog-eat-dog American capitalism — is coming under its most serious threat in decades: Europe’s sovereign debt crisis.
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