Tag: welfare state

Romania’s Economic Fork in the Road

Facing a major budget gap, Bucharest must choose: fix the deficit or launch a broader economic rescue. So far, Prime Minister Bolojan has shown little leadership to do either.

Slovakia Is Next on the Fiscal Cutting Board

Slovakia faces the same budget dilemma as Germany. Whether Prime Minister Fico will match Chancellor Merz’s bold move to announce an end to the welfare state remains to be seen.

Social Welfare in Europe: Stingy or Generous?

As some countries ramp up social benefits to strengthen emerging welfare states, others are scaling back in a bid to rein in systems that have grown beyond what their tax bases can sustain.

Uncle sam holding $100-bills in one hand and giving you one with the other

America the Generous

It may come as a surprise to many Europeans just how benevolent the American welfare state is. It may even surprise many Americans.

Unicorn with NATO symbol on side

NATO’s Make-Believe Spending Goal

It would be surprising if even half of the European NATO members could expand defense spending as much as the alliance requires.

scale with apple in one basket and a military tank in the other

Welfare or Warfare? The Spanish Agony in Numbers

Rising defense spending will cause fiscal fights in many NATO countries. In Spain, the tension between social benefits and military outlays is perhaps more pointed than anywhere else.