EuroBubba

Mythbuthting

October 9, 2007 on 11:20 am | In Economy | No Comments

The Washington Post’s Steven Hill demolishes “Five Myths About Sick Old Europe”:

1. The sclerotic European economy is incapable of leading the world.
2. Nobody wants to invest in European companies and economies because lack of competitiveness makes them a poor bet.
3. Europe is the land of double-digit unemployment.
4. The European “welfare state” hamstrings businesses and hurts the economy.
5. Europe is likely to be held hostage to its dependence on Russia and the Middle East for most of its energy needs.

Wrong, not even close, wrong again, bzzz, thanks for trying.