Advertise On EU-Digest

Annual Advertising Rates

2/18/12

Europe is in dire need of lazy spendthrifts - by Fabian Lindner

Greece's economic crisis is a gift from heaven for the German government. The country is the ideal conservative dystopia of an irresponsible government financing a supposedly overblown welfare state by ever increasing debt, where workers enter retirement in their mid-50s, the dead continue receiving pension payments and public employees earn bonuses for arriving punctually at work. Never mind that, exceptions aside, public expenditure as a proportion of GDP is lower in Greece than Germany and the average Greek works longer hours and retires only half a year earlier than the average German. That did not stop those stories from being widely reported by the German media. It strengthened the moral tale of the hard-working Germans being abused by lazy southerners. The tale is convenient because it diverts attention from Germany's responsibility for the eurozone's current economic woes

For more: Europe is in dire need of lazy spendthrifts | Fabian Lindner | Comment is free | guardian.co.uk

No comments: