Poor Europe…
La falta de competitividad industrial y la dependencia energética dejan al Viejo Continente en posición crítica
The author, a former Eurostat employee, laments the decline of Europe over the past 35 years, citing its loss of economic and social influence compared to the US and China. The energy crisis, sparked by the conflict in the Middle East in 2026, has led to a significant increase in energy costs, affecting industries and economic growth, with the eurozone expected to grow by only 1.0% in 2026.
Germany, once a driving force in Europe, is in crisis, while France faces economic and political paralysis, and the traditional Franco-German axis is now a problem. The author warns of a bleak future, with low economic growth, high inflation, and a decline in purchasing power for European citizens.
Written by urgent.news from El Pais Economia's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
