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To: LLCF who wrote (14114)1/29/2002 6:06:49 AM
From: smolejv@gmx.net  Read Replies (1) | Respond to of 74559
 
Maybe Europeans are just "moraler" than US, iow "moral hasard" starts half a mile earlier.

The big issue for instance right now in Germany is financing the Airbus military transporters - ordered 73 and budgeted for just 40. Cant have a cake and eat it - 1.6% for defense and otoh play an active role in peacekeeping worldwide. Plus all the time plugged into the blood-supply system for the former DDR - will have more on that some time this week -.

But anyhow, this was not my point.