07-01-2010, 08:14 AM
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Too old to care
Industry Role:
Join Date: Jun 2001
Location: On the sofa, watching TV or doing my jigsaws.
Posts: 52,943
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The Governments who borrowed money to prop up their public sector over spending are being brought back to reality. They can't keep building the debt to make the unemployment figures look good. Put simply it costs less to keep someone on benefits than to keep them in a useless job.
The underlying problem is these countries live beyond their means and import too much and export too little.
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