Viewpoints
[Michael Boskin] Europe’s last best chance to get out of debt quandary
Nov. 30, 2011
STANFORD ― The resignations of Greek Prime Minister George Papandreou and Italian Prime Minister Silvio Berlusconi have highlighted how Greece, Italy, and many other countries obscured for too long their bloated public sectors’ long-standing problems with unsustainable social-welfare benefits. Indeed, for many of these countries, meaningful reform has now become unavoidable.The social-insurance systems in Europe, as in the United States, Japan, and elsewhere, were designed under vastly different