the European Union will go the way of the Soviet Union............
Europe is sleepwalking into oblivion and its people need to wake up before it is too late. If they don’t, the European Union will go the way of the Soviet Union in 1991. Neither our leaders nor ordinary citizens seem to understand that we are experiencing a revolutionary moment, that the range of possibilities is very broad, and that the eventual outcome is thus highly uncertain.
++George SOROS in The Guardian 2019
In my country Portugal there is a saying that states that if there is no bread much screaming and no reasoning
In Europe there is no growth there is no prospects for the children to live better than the parents (i don't agree with this i believe kids have a wonderful life) and above all there is no jobs in some countries and plenty in other counties.
I think the culprit is too much state. To much intervention too much regulation too much bureaucracy
20 years after the Euro started cars are being build almost exclusively in Germany. 20 years ago Italians had car manufacturers , France etc... Now the best country doing cars is moving closely to produce all the cars. Germany.
Is it possible with the single currency that the best place to produce ZYX is going to produce all XYZ??? YES
the solution is immigration to Germany in engineering and immigration to Portugal if you want to drive a Tuk Tuk in Lisbon or table serve the millions of tourists arriving in Lisbon to see the Torre de Belém. Yes the solution is let people move in Europe.
Stock markets can be volatile and subject to extremes, but over time they’ve
provided an excellent measure of overall economic health. Since the beginning of 2009, the cumulative 10-year performance of equities in the eurozone has laggedthat in the U.S. by 40%.
A Gary Shilling
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