Sarkozy, Merkel Set Bilateral Euro Talks - WSJ.com
Should there ever be a clearer explanation of Europe's problems, it was captured in the following quote from the article:
" the French president said in a televised address on New Year's Eve. 'Right now, our priority must be working for growth, competitiveness and reindustrialization that will allow us to create jobs and boost spending power.'"
European, union-centric job creation seems to be focused on adding people to payrolls without any increase in actual production of goods or services.
When a person is employed to do a job that provides no real increase in the productive services for a society (think bureaucrats), these 'apparent jobs' give a person a welfare check. They can demand housing, cars, food, clothing, vacations, etc. but they have nothing to give back to those providing these services.
What is rightly needed are jobs where people who 'take' from society 'give something commensurate back'.
As politicians and unions distort the balance of properly rewarding those who produce, save and invest, the entire framework of an economy gets out of whack. (The soviet communist model came to see this and the Greek socialist model is at the forefront of seeing this today.) But European socialists and the larger population still believe no one needs to be rewarded and allowed to keep what they earn. They believe in redistribution and social-equality. It doesn't work. Provide opportunities - yes; but, equalize outcomes - no.
Nothing is being done in Europe (and similar policies are the heart of Democratic policies in the US) to provide an opportunistic society in which people are encouraged to succeed (instead of being discouraged through taxes, regulations, etc.).
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