I’m going to offer the following bet to the authors of the CEPR report:

The average European unemployment rate for 2009-2018 (i.e., the next decade) will be at least 1% higher than U.S. unemployment rate.  The bet will be resolved when Eurostat releases its final numbers for 2018.

I’m happy to bet each of the three authors $100 at even odds.  Will they accept?

P.S. By 1% I of course meant 1 percentage-point.