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The main cause of Europe's deep fall - the losses of inclusion, job satisfaction and wage growth - is the devastating slowdown of productivity that began in the late 1990s and struck large swaths of the continent. It holds down the growth of wages rates, and it depresses employment.


Edmund Phelps

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They don't have any room. There's no place to put these horses.
MASON PHELPS
We heard a soldier from Ashland, Ky., was killed, so I imagine we'll be back soon.
MARGIE PHELPS
My job in this, the last of the last days, is to show America her abomination. What we're supposed t...
MARGIE PHELPS
They shut down our 3s; shut down our outside game and then doubled on Ashley and I said, 'girls, you...
PAUL PHELPS
I have the opportunity to be part of swimming history. To take the sport to a new level would be an ...
MICHAEL PHELPS
You can't put a limit on anything. The more you dream, the farther you get.
MICHAEL PHELPS
I won't predict anything historic. But nothing is impossible.
MICHAEL PHELPS
Capitalism and communism stand at opposite poles. Their essential difference is this: The communist,...
--PHELPS ADAMS
Wear the old coat and buy the new book.
AUSTIN PHELPS
I feel most at home in the water. I disappear. That's where I belong.
MICHAEL PHELPS
Every sponsor I've had has been something that fit my lifestyle, fit my personality.
MICHAEL PHELPS
I know it won't be eight medals again. If you want to compare me to that, that's your decisi...
MICHAEL PHELPS
I'm a Dunkin' Donuts kind of guy. I also like Cadbury's.
MICHAEL PHELPS
If you want to be the best, you have to do things that other people aren't willing to do.
MICHAEL PHELPS
I think that everything is possible as long as you put your mind to it and you put the work and time...
MICHAEL PHELPS
The contract we agreed upon was not that different from the one that we've proposed all along. It's ...
CASSANDRA PHELPS
That's the most pain I've ever been in after a 200. It's exhaustion more than anything.
MICHAEL PHELPS
These figures suggest that a large number of smokers are purchasing their cigarettes through alterna...
BILL PHELPS
Cigarette taxes are an unstable source of revenue.
BILL PHELPS
I'm pretty optimistic. We are not really tall or flashy, but are fundamentally sound. We have a majo...
TONY PHELPS
She was on fire at the end of the season. The last half of the year is what gained her the All-South...
TONY PHELPS
I have reached a place in my life where I need to sit down and say, 'Well, what do I do? What's best...
MICHAEL PHELPS
I don't like to be second in anything. I was trying, I just wasn't going anywhere.
MICHAEL PHELPS
I looked over and I thought 'Oh, man, I've got Roland again?'
MICHAEL PHELPS
By trying to get revenue in this way, this has a lot of risk. It could put some important things in ...
BILL PHELPS
That's an indication I'm sort of starting to fade.
MICHAEL PHELPS
It was very tough doubling up but I've got no regrets. I was just destroyed (in the 100m) but I just...
MICHAEL PHELPS
It's a very good time to be in steel.
DAVE PHELPS
Life Is A Church
DAVID PHELPS
I want to go to the World Cup. I want to go to the Masters. I want to go... anywhere.
MICHAEL PHELPS
This nation is poised to trash the first amendment just to stop my preaching. I'm kind of honored.
FRED PHELPS
This is not a restaurant. They can't come in here and order New Orleans shrimp, because I don't know...
HAAN PHELPS
This may start to pinch some consumers' wallets.
JACK PHELPS
Bob and I have gotten into it a number, number of times.
MICHAEL PHELPS
You always know he's going to put something together, ... He's got some speed, but we were able to h...
MICHAEL PHELPS
I think to be - for me to be an American is - you know, it's one of the greatest things in the w...
MICHAEL PHELPS
The last 20 meters weren't very good, they didn't feel good,
MICHAEL PHELPS
There were times I wouldn't come to practice, because it didn't excite me. It wasn't int...
MICHAEL PHELPS
Being compared to Ian Thorpe, that could be one of the greatest compliments you could ever get in sw...
MICHAEL PHELPS
(Spence) is vastly different in that he's very cavalier but incredibly professional,
PETER PHELPS
A lot of new obstacles are coming, a lot of new feelings are coming, ... I'm just taking it for what...
MICHAEL PHELPS
Housing and commercial real estate have been a very important part of the economy in the Southeast a...
JACK PHELPS
The industry has performed very well. We've seen record levels of profitability.
JACK PHELPS
He's gone after six weeks, but his story-line sends him off to Somalia and he will eventually come b...
PETER PHELPS
Having a private training ring for someone like Georgina is important. Imagine training for figure s...
MASON PHELPS
I like to just think of myself as a normal person who just has a passion, has a goal and a dream and...
MICHAEL PHELPS
People say to me, 'You're so lucky. You get to see the world.' But I don't. I go to ...
MICHAEL PHELPS
Even in high school, I'd tell my mom I was sick of swimming and wanted to try to play golf. She ...
MICHAEL PHELPS
I got a Cadillac Escalade. Put some rims on it, threw a couple TV's in there, and installed a sy...
MICHAEL PHELPS
Are you living for the things you are praying for?
AUSTIN PHELPS
Well, that's too bad, isn't it? They think I can't preach at times like this? I think I can preach a...
FRED PHELPS
I wouldn't say anything is impossible. I think that everything is possible as long as you put your m...
MICHAEL PHELPS
I'm satisfied in a way because it was an eye-opener,
MICHAEL PHELPS
We wanted to split our relays up and see what would happen, ... It was a good way to end the meet.
MICHAEL PHELPS
That's the most pain I've ever been in after a 200. It's exhaustion more than anything.
MICHAEL PHELPS
I won't predict anything historic. But nothing is impossible.
MICHAEL PHELPS