RealClearMarkets – The Demise of the European Welfare Nation

The economic crisis shaking much of Europe, most extremely in nations like Greece, Spain, Italy and Portugal, has been variously blamed on the global financial meltdown, the flawed design of the European Union, and even (predictably) on shenanigans on Wall Street which helped some EU member nations circumvent lending limits.

RealClearMarkets – The Demise of the European Welfare Nation.

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