[macker]

Originally Posted by HOZ

China may also question why it should support economies that pay their unemployed more than most of its workers earn.

Wow if true. Link goes to a page talking about China not being impressed. Europe is in a whole world of hurt.

Margaret Thatcher - Socialism is great until the money runs out.

The problem is no longer just Greece but the whole Union. People have emptied the piggy bank, maxed the credit card and are now trying to empty their neighbors bank account.

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Jin Liqun, chairman of the country’s vast sovereign wealth fund, China Investment Corporation, said people in the West needed to ‘work a bit harder’ if they wanted to escape the recession.

In a tough message to EU leaders Mr Jin said Westerners were cossetted by the welfare state.

He said the debt crisis crippling Europe could be solved in the long term only by slashing welfare payments and ending the restrictive labour laws which have made European workers increasingly uncompetitive on world markets.

Mr Jin told Channel Four News: ‘The root cause of trouble is the overburdened welfare system, built up since the Second World War in Europe – the sloth- inducing, indolence-inducing labour laws.