The Greek government has a large budget deficit (it is one of the five European countries called the PIIGS – Portugal, Italy, Ireland, Greece and Spain—who were or are going through budget crises). How does the unemployment rate exacerbate the budget situation? How does the unemployment rate contribute to the budget problem? Is Italy (or any of the other PIIGS countries) any better off than Greece? ……. …..
How do the differences between European employment laws and the US laws affect the unemployment rates?
Why would someone in the United States care about the European unemployment rates?
If you owned a business and were thinking of expanding into Europe, how would the information presented in the article affect your decision? ……. …..