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Politics : Politics for Pros- moderated -- Ignore unavailable to you. Want to Upgrade?

To: LindyBill who wrote (75742)	10/8/2004 11:32:50 AM
From: LindyBill	Respond to of 793887

Instapundit - A SMALL BREATH OF FRESH AIR IN EUROPE: Only by working longer and moving towards the US social model can Europe hope to attain its Lisbon goals, according to Laurens Jan Brinkhorst, Dutch Minister of Economy, speaking at an event in Brussels on 7 October. Modernising the European social model is a matter of urgency if Europe wants to maintain its model of choice in the long term and close the productivity gap with the US, believes the minister. . . The current European model is not performing adequately said Mr Brinkhorst pointing out how far the EU had slipped behind the US. 'Since the early 1990s, the US has largely outpaced the EU in terms of economic growth. From 1991 to 2003, the US economy grew by no less than 47 per cent in total, whereas the EU economy achieved only 28 per cent growth.' Mr Brinkhorst also drew attention to the fact that in 2003, the US GDP per capita was 55 per cent higher than the EU's. 55 per cent? I knew the gap was big, but I didn't realize it was that big.