Foreign Policy Blogs

Europeans Scrimp on Luxuries

While most American reporting on economic downturns focuses on American domestic issues or world business reports, this New York Times article takes a look at the way stagnant wages are hurting the European middle classes. Interesting to note the ‘luxuries’ which many Europeans are being forced to abandon.

‘For Europe's Middle Classes Stagnant Wages Stunt Lifestyle’ May 1, 2008 New York Times