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Financier Etienne Davignon, vice-chairman Suez Tractabe said: “ The problem of the United States is very different from Europe’s. Why? “Because Europe, which runs welfare states has to face the reality of providing for social security, protecting the poor, education and such like The United States doesn’t run a welfare state sytem like ours. In order to introduce it they must find the means. Therefore we are in a situation where objectives and budgets are very different.”