Jobless Europeans Protest Austerity Measures
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1. How high is unemployment in Europe?
2. Why have European companies been laying off workers?
Summit Focuses on Jobs and Economic Growth
The leaders of the world's leading industrial countries and Russia met in Denver last summer to discuss establishing a new foundation for the twenty-first century. The summit meeting marked the first time that Russia was treated as a virtual equal to the nations formerly known as the G-7: Britain, Canada, France, Germany, Italy, Japan, and the United States.
Much of the summit was spent discussing the American model of job creation and economic growth. Although the European leaders admire the capacity of the United States economy to create jobs, they worry about the quality of jobs being produced in the United States and the rising income inequality there.
The final communiqué issued by the summit leaders represented a defeat for environmentalists. The Europeans had sought tougher rules on global warming and deforestation, which the Clinton Administration rejected.
Heads of Government of G-7
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1. Which countries formery comprised the G-7?
2. Why are the European countries reluctant to adopt the United States' model for economic growth?