Europe’s Ailing Social Model: Facts & Fairy-Tales

An excellent analysis on what ails Europe and remedies for the same. The problem always is these kind of major changes happen only if there is major crisis or a new leadership emerges.

Europe'’s present social model is unable to tackle the modern challenges of globalization, and has left Europe with gigantic problems: an unsurmountable public debt, a rapidly ageing population, 19 million unemployed, and an overall youth unemployment rate of 18%. The unemployment figures may easily be doubled to account for hidden unemployment. The untold reality is that Europe'’s real unemployment stands at the level of the 1932 Depression.