Oh, Europe, old Europe, look at yourself, where are going? Stop blaming others, look at your own chronic problems, and go to work!
Some people say that Europe is the next big thing. They say that US is losing its edge, and that Europe is THE future. Not so fast, I think. Until they resolve their huge problems — inflexibility in the work force, hard-line unions, high costs — companies are going to move out, rather than move in.
Read this article from NY Times, Thomas L. Friedman: 35-hour week? 35-hour day!. Friedman is not afraid to speak loudly. Interesting read, though.