Kint

Europe Is Recovering More Quickly than U.S. - Why?

Chap08 got it right.. also, b/c of the social contract the Europeans have, they almost have a built-in recession, so it wasn't much of a shock to their economies b/c it wasn't high to begin with. Unemployment rates in France and post-unification Germany have generally been around 8-9%.. so what we call high unemployment, they call "unemployment."