Across Western Europe, the “lifestyle superpower,” the assumptions and gains of a lifetime are suddenly in doubt. The deficit crisis that threatens the euro has also undermined the sustainability of the European standard of social welfare, built by left-leaning governments since the end of World War II.
Steven Erlanger, NY Times link: http://www.nytimes.com/2010/05/23/world/europe/23europe.html?hp=&pagewanted=all
Steven Erlanger, NY Times link: http://www.nytimes.com/2010/05/23/world/europe/23europe.html?hp=&pagewanted=all