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@ goldfish: This is getting sidetracked, but ok:To compare unemployment and gas prices in "Europe" to the US is problematic. On the one had, the unemplyment in Spain is 21%, in Ireland 14.5% but Germany is only 6.1%.

Just like unemployment in MI, CA and NV is way higher than in VA, MD and ND.

@ Jon Morngan:Comparing unemployment rates across countries is a dicey proposition.

True. That's why I am not comparing the unemployment of Belgium and the US. I am comparing the unemployment of the US and the EU. Both are near continent-filling blocks. It's a technicality that one is a country and the other is a multilateral collaboration.

Actually, the disparities you see in the US and the EU are very similar. CA and Italy are both in a hole due to poor management. Just like Greece and MI. Spain, NV and FL are all in a hole because of the collapsed real estate market. Luxemburg, Cyprus, ND and VT are doing well because they're so small and completely under the radar. Both blocks have significant differences in geography, history and politics. And they are the two largest economies in the world.

by Jasper on Sep 8, 2011 2:26 pm • linkreport

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