How Did the NYT Determine that the Social Welfare Systems in France and Italy Are Too Generous?

That's what millions of readers are asking after reading a NYT article on the fallout from Germany's hardline in negotiations with Greece over its debt. The piece noted the lukewarm support given to Greece from France and Italy. It told readers:

"France and Italy struggle with some of the same problems as Greece: low growth, youth unemployment, rigid labor markets, bloated state bureaucracies and social welfare systems too generous now, when people live longer, to be supported by current reve...

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Published on July 17, 2015 03:03
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