NY Times, I laughed at the stereotypical French laziness showing up. Barely 20% of 60 year-old Frenchmen work opposed to 60% of Americans. But is this, perhaps, an indication of overall unemployment rate there rather than will to work? I have my doubts since the Spanish and Portugese rates are higher but dropping with their unemployment.
I have no idea how these countries are going to maintain their social benefits while bringing in lower and lower taxes from their dwindling work forces. Greece will soon be followed by the rest of Southern Europe. The US needs to change their economic model to avoid going down the same drain.