> And where is the need for this in Europe? Where is the poverty? Well southern states are in a pickle and there but there are problems brewing practically eve

> And where is the need for this in Europe? Where is the poverty? Well southern states are in a pickle and there but there are problems brewing practically everywhere PIGS and non-PIGS alike. Thing is in part southern states aren't only to blame for their own problems. In general case, without the euro, they could let their currency take a dive and become a better opportunity to invest. However while they have Euro and have strong economies like Germany tied to the Euro, the Euro won't sink enough for them to be profitable and whenever it does sink, it just makes Germany more concurrent than them in the global market. Their industries simply can't match Germany's and their currencies can't adapt. According to OECD in 2011. here are some statistics people worked yearly on average: Germans 1413 hrs, South Koreans - 2090 hrs, Greeks - 2023 hrs. Of course statistics can be deceiving and some jobs might have been in buerocracy, or less efficient than in advanced countries, but I don't think it's possible to generate all that extra time solely from pushing papers around. Scandinavia is also experiencing a crisis of sorts, with inequality rising and riots breaking out like the last one in Stolkholm. Though they are for a different reason. > South East Europe is (roughly speaking) comprised of Romas, of the elderly people and of what is left of rural population True, but this is mostly due to the fact that technical people that had skills/knowledge emigrated to western contries (like Germany, UK, US) or Scandinavia. Western countries have in a way been exporting their unemployment to South-eastern countries. Why this is important, when people finish their work (i.e. retire, they take their western pensions to their hometown, where you can live off it decently).