Topic

spending

european-union-on-a-glass-ball-in-front-of-shining-lights-stockpack-adobe-stock.jpg
European Union on a glass ball in front of shining lights

The Economic Ruin of Europe

Assume the villain in a new James Bond movie has the goal of the economic destruction of Europe. How would he do it? First some background. In the 1960s and 1970s, Europe boasted brisk economic growth. From 1965 to 1974, government spending in Western Europe averaged 37 percent of the gross domestic product (GDP), and economic growth averaged 4.3 percent Read More ›