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Reply to "Why has inflation hit the US more than Europe? "
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Things have ALWAYS felt cheaper in Southern Europe in particular for americans. Have you seen how low the average wage is there? how little people earn?? I have house in Italy we spend 2 months each summer in and the average Italian, even with a white collar job does not make nearly what a college grad 3 years out might make. I can assure you Europeans are suffering horribly with inflation as well. Also job mobility is abysmal. [/quote] There are better safety nets in Europe - they NEED less money -although I admit that that impact in Southern Europe is less than N or W[/quote] Those are starting to fray. The UK is not the EU, but councils are facing bankruptcy and having to pull back from traditional benefits. Countries in the EU zone are having problems too- that one of the reason you're seeing increasing rural rioting [/quote]
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