The "Statue of Europe" has two hearts and 25 mindsets. The 25 country mindsets are stirring a mixture with ingredients that do not blend: tradition, ambition, welfare, and economic leadership. Her two hearts beat in different rhythm, one for economic supremacy and one for social welfare. Proud and ambitious, each one wants to be right. But to reach either goal, they have to compromise, and neither side is willing to do so. My experiences make me believe that Europe is much more likely to become a history theme park for well-off Americans and Asians than the world's most economically dynamic region as it has proclaimed it wants to be. Economically, Europe is on the past of Mutually Assured Decline.
- High taxes and big governments
- Less innovation
- Slow productivity growth
- Restrictive labor laws
- Declining export market share and the raising protectionism.
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