And those who do work have shorter working hours. Europeans work, on average, about 250 hours less per year than Americans. To argue that these facts simply reflect the preference of Europeans to enjoy more leisure rather than seek additional income is not sufficient. The causes are more complex.
A typical example would be the Federal Depository Insurance Corporation Improvement Act (FDICIA) of 1991. The main content of the act is capital adequacy categories and their corresponding corrective actions. Banks with capital adequacy ratio of 10 percent and more are defined as  BIS Review 31/2004  3  adequately capitalized.