Pay For Delay

This article discusses country's abilities to help domestic unemployment during these recessionary times. The US may lead the rich world in periods of prosperity, but Europe has shown a greater talent for dealing with recession. Unemployment in theEurope has risen by 30% from its pre-crisis levels. America’s jobless rate has more than doubled. Wage subsidies and fatter jobless benefits have softened the impact of the recession but may yet hurt recovery.