Charlemagne’s Notebook: “At Bursting Point?”:
This grotesque map of the world, depicting Europe as a bloated balloon, caught my eye this week, and powerfully illustrates one of the factors in Europe’s debt crisis. It depicts the countries of the world sized according to the amount of government spending.
In the words of the World Bank, which published it in its a report issued this week[,] … Europe is the world’s “lifestyle superpower”. As opposed to America, which spends almost as much as the rest of the world put together on defence, Europe more than the rest of the globe combined on social policies.