In America and Europe the disparity is less extreme, and has narrowed considerably since the 1960s.
The worry in Europe is that this danger may be less obvious to the administration in Washington than it is to onlookers in London, Paris or Berlin.
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While the stock traded off as much as 8% yesterday in trading in Europe, the stock is down less than 2%.
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The bank union chief is less positive on Europe following the recent crisis that has engulfed the eurozone's third-smallest economy, Cyprus.
For example, even though the Clinton Administration is substantially reducing the number of troops in Europe, it has not suggested that the United States is any less committed to the security of its friends and allies there than before.
The number of wet days is rather less than in western Europe and the number of hours of sunshine rather more.
The U.S. corporate tax rate is more than 39 percent and the average corporate tax rate in Europe is less than 25 percent.
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The currency regime that would succeed it would mean the re-emergence of the mark as the Continent's dominant currency and rule by the German Bundesbank, which is even less accountable to Europe's public than the European Central Bank.
All of those are British themes, and the British have allies for a less-regulated Europe, but the eurozone crisis is pulling Britain and Europe in different directions.
While the crime-rate is lower than many other parts of Europe, less than 20 per cent of the crimes committed are solved.
We must stay in Europe, we must position Europe for the future, which is more competitive, less regulation.
Moreover, points out Teun Draaisma of Morgan Stanley Dean Witter, there is less inflationary pressure in Europe and the euro looks steady.
Mr. Larrick says gallons consumed over 100 miles of driving the way mileage is measured in Europe is a more useful yardstick because, ultimately, the variance in mpgs has less impact than most people think.
But, for another other camp, involving Europe's left (and more or less the entire French political class), the point of Europe is to keep globalisation at bay, or at least curb its power.
The GSM (Global System for Mobile Communications) standard is used throughout Europe, making it a much less fragmented market for mobile communications than the U.S., and mobile phone penetration is particularly high in Northern Europe.
So even if the UK economy is only slightly less flat than a pancake, and the US and continental Europe aren't exactly booming, Asia, for example, is an altogether different and more buoyant economic world.
As Europe slides, Germany is likely to sink less than the others.
Yet the Church is less vibrant across Europe than it once was, and that most probably will not change whoever is appointed to be the next pope.
Private banking is less profitable in Asia than in Europe and the U.S., according to data from nine leading industry players compiled by McKinsey.
Even if shale gas does not live up to expectations in Europe, the continent is already benefiting from it: as America imports less gas than expected, that helps bolster supplies and reduce prices for Europeans.
Is the basic premise even correct, given evidence from Europe, where less inequality prevails alongside slow growth?
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History may not have ended, as historian Francis Fukuyama predicted, but Europe is far less burdened by its past than at any time since the war.
It's the "Draghi effect" that has convinced the markets that, despite all the problems in Europe, the nightmare scenario of a eurozone break-up is now much less likely to come true.
There is less opposition from the conservatives to improving relations with Europe.
The Chinese market is also crucial amid languishing sales in Europe, a far less important market for Toyota.
In Europe no such partisan democratic body exists (the European Parliament is more remote from voters and less powerful than Congress, and MEPs live in a warm bath of mushy conventional wisdom).
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