The European Living-Style Mirage

                     

The European living style is an impressive mirage. Since World War II most of the major countries have had social welfare types of government, outside that of Germany and Switzerland. With their GDP averaging 2% annually, while that of the U.S. has averaged about 3%.

                       

But the proverbial chickens have come home to hatch the result. The short work weeks, long vacations and lack of general productivity has reduced European standards of living. Vacationers from the U.S. never get to see the ugly side of Europe. (See the Earl J. Weinreb NewsHole® comments and @BusinessNewshole at Twitter.)