How much of that could be the lack of real social nets in the US compared to Europe?
In addition, anecdotally, everyone I know in the EU that had a job pre covid has a job today. I can't say the same thing about folks in the US.
In addition, anecdotally, everyone I know in the EU that had a job pre covid has a job today. I can't say the same thing about folks in the US.
I.e. making the economy more like the US.
You are not even responding to anything in my post. Please try again.
These austerity measures have made the Finnish welfare system more U.S.-like. This is all I'm commenting on. My initial comment did not assign blame, it simply described the situation.
The debt issue is separate from this point, since we're not talking about why these measures were made. But the debt is definitely not due to the previous govt. If you look at the data, the debt has been an issue since 2008 (just as it has been worldwide).