Pretty strong words by a respected columnist.
The thing is, in the world we live in, where economies and politics are interrelated around the world, we all depend on each other to do well. Although economies compete with each other, we don't want the other countries to fail, because ulitmately everybody suffers.
"Europe is in deep trouble. These days we all talk about the rise of Asia and the challenge to America, but it might well turn out that the most consequential trend of the next decade will be the economic decline of Europe."
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