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Re: Zeev Hed post# 106493

Sunday, 05/11/2003 1:40:53 PM

Sunday, May 11, 2003 1:40:53 PM

Post# of 704041
<<I think the European Central bankers maybe readying Europe for a lot of social instability.>>
Zeev,
don't forget that 10% unemployment in Europe is different from 10% unemployment here. First, the way they count their 10% is a more realistic reflection of people who are actually looking for work than here, and, at least according to what I hear, may even overstate it somewhat, and second, their safety net is still much stronger than here, though who knows, there has been a lot of griping about it in the past few years and they may have to shred it at some point, but for the most part haven't done so yet.

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