Implode-o-Meter News - Europe has reached a watershed moment and leaders need to refocus

Knowing little or nothing of economics, these European elites have acted almost precisely against the interests of Europe -- obsessed with treaties, agreements and restrictions -- in pursuit of commonality. They little understand that the prosperity of nations is built in the seemingly humdrum actions of ordinary people in the small workshops, or service businesses -- if only they are able to pursue their business interests.
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Europe has become complacent. Over recent years, its performance has been abysmal. Since the eurozone was formed in 1999, the average GDP growth rate of its members has not only been lower than America's but it has even been lower than Britain's.
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Whether it is crime, immigration or defence, the modern European state is a pathetic failure. Big, dithery, expensive -- but incompetent. That is the critique from the right. From the left now comes the complaint that the state is failing in its role as provider of "social security", under the onslaught of globalisation and market pressures.
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Across Europe the people are stirring. Will the elites respond? If not, we are we going to be faced with something very ugly. The combination of economic collapse, lack of faith in political institutions, xenophobia and racism could be deadly.

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Europe has reached a watershed moment and leaders need to refocus