European Economy
Economic Eeyores in Europe
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  • S.C. Schwarz

    They are right to despair, European civilization is finished. Extinction level fertility rates, negligible economic growth, military impotence, and, most damning, a collapse of political will. I suppose a miraculous turnaround could occur but I don’t see any sign of it.

    • Corlyss

      Ireland

    • Pete

      I agree.

  • Boritz

    Some in the Roman Empire worried about decay, decline and fall, but unnecessarily.  Is it not a beautiful vacation destination today?  It all worked out.  Or so goes the people-always-think-it-is-the-end argument.

    • S.C. Schwarz

      Indeed, I was not suggesting Europe was going to become uninhabited. Someone will be living there it just won’t be the Europeans as we know them today. And you’re right, it will no doubt be a wonderful destination for Chinese tourists.

    • f1b0nacc1

      In the 70s BBC production of “I, Claudius”, there is a wonderful discussion between Claudius and his grandmother Livvia (the second wife of Augustus) in which she laments that the Empire never reached India “So many lovely things that we could have picked up cheap”….

  • dan

    “The stark decline in European confidence can probably be attributed to two things: First, economic growth … Second, the crisis in Ukraine threatens to harm Europe more than many people understand.” Either the second “thing” is not understood by many, in which case it isn’t likely to have an effect on “European confidence,” or the writing is sloppy.

  • Jacksonian_Libertarian

    As one of those Eeyores who’s been saying all along that “the Euro and EU is going to disintegrate just like the Soviet Union and Warsaw Pact before them” I’m gratified to see my assessment is proving true. The European’s Big Government Blue Model Welfare States uncompetitiveness combined with a world 6 years deep into Great Depression 2.0, is bringing change to the Europeans whether they want it or not. Depressions are know for horrible wars, high unemployment and foreclosures, bankruptcies and spreading poverty, and political turmoil, Europe is getting all of that.

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