European socialism will survive the crisis

Government Regulation igry15-05-2009 European socialism will survive the crisis The current financial crisis has led to a crisis of demand. Avalanche development process has become a global recession. Some countries have experienced significant decline in GDP, some - within a few percent. To date, the situation is that countries with highly developed social security system, to a lesser extent in recession in the economy. In contrast, economies that are not highly encumbered "social sphere", are experiencing a significant drop. The EU now accounts for hard times. However, in some highly developed European countries in the way the crisis arose the social security system - that she, as well as "crisis management" services to the population of the state - until now helped to maintain demand. Yes, unemployment rose by 70% compared with last year, and the many who retain jobs by reducing working hours. As in the U.S., unemployment topped 8% of the state to spend billions of euros to rescue key financial institutions and the legendary automotive companies. However, unlike U.S. citizens, Europeans believe in its future. They still can count on broad government support system that includes unemployment benefits and inclusive system of health care and affordable education.