Tag: welfare state

Sweden: Democratic Socialism in Practice

Contrary to widespread myths and errors being produced by right-of-center pundits, the Swedish experience with democratic socialism was not short, and it never ended.

Europe Is Facing Another Debt Crisis

In 2010-2014, the EU was the scene of a major fiscal crisis. Since then, nobody has treated the root cause, only the symptoms. Therefore, it is no surprise that history is about to repeat itself.

Looming Crisis Can Crash Europe’s Banks

When the next major fiscal crisis hits, Europe’s credit-challenged governments will pull down the banks with them. A crisis bigger than the one 15 years ago can no longer be ruled out.

France Is Drifting Into a Greek-Style Crisis

Like a rudderless ship, France is sailing straight for the same cliffs that broke the Greek economy 15 years ago. Will President Macron meet his Waterloo in the hallowed hallways of the IMF?

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.