Despite tough talk by Ms. Thorning-Schmidt and her predecessor about the need to get Denmark’s financial house in order, the country’s welfare and benefits systems remain among the world’s most generous. Government spending accounts for about half of gross domestic product and few Danes complain about a top income tax rate of about 50 percent that finances unemployment, pensions, health care and other benefits. The constitution even guarantees Danes the right to work and to receive public assistance if they stumble. [Read more…]
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Denmark in the EU
For years, Denmark was held out as a model to countries with high unemployment and as a progressive touchstone to liberals in the United States. The Danes, despite their lavish social welfare state, managed to keep joblessness remarkably low. [Read more…]
Filed Under: Featured, News Tagged With: Denmark, Employment, Social Welfare