TIME Europe Magazine | Will Europe Ever Work? - 2
TIME Europe Magazine | Will Europe Ever Work? - 2: "...
Driving such shifting attitudes is a stark reality: over the past two decades, Europe's overall growth rate has slowed so sharply that even in good periods only relatively few new jobs are created. Charts showing unemployment in the European Union look like an unending staircase. With the exception of two brief periods, there's a step up for every period of weak growth as more people lose their jobs, but only a flattening off — rather than a step down — for each period of recovery before the next step up. And now there's a new specter knocking at Europe's door: globalization.
..."
Driving such shifting attitudes is a stark reality: over the past two decades, Europe's overall growth rate has slowed so sharply that even in good periods only relatively few new jobs are created. Charts showing unemployment in the European Union look like an unending staircase. With the exception of two brief periods, there's a step up for every period of weak growth as more people lose their jobs, but only a flattening off — rather than a step down — for each period of recovery before the next step up. And now there's a new specter knocking at Europe's door: globalization.
..."
posted by Alex @ 4:42 PM
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