Deficit Crisis Threatens Ample Benefits of European Life

Gross public social expenditures in the European Union increased from 16 percent of gross domestic product in 1980 to 21 percent in 2005, compared with 15.9 percent in the United States. In France, the figure now is 31 percent, the highest in Europe, with state pensions making up more than 44 percent of the total and health care, 30 percent.

via Payback Time – Deficit Crisis Threatens Ample Benefits of European Life – NYTimes.com.