The Great Recession in Two Thousand Eight Two Thousand Nine

In the us, we have a much more binery view of the world. We have this very fragmented state system where it's either not working or you're not working at all. But in europe, they have this inter structure around support which e don't really have. And then the second important thing felix, to me, is there's this notion in europe,. which is more like work sharing, as opposed to unemployment insurance rights, or partial unemployment insurance. The whole essence of those european schemes, to me is, wait a second,you can fire 20 % of your work force, or you can reduce everybody's work load by 20%. That preserves the relationship