Ok, so the point is that market reforms are politically infeasible.

this will also happen in the distant future. until then, however, the further expanding structures of the european union, the european central bank, the commission and the davos climate program will be so strong that they will continue to squeeze out the private sector. we are currently experiencing a wave of new regulations, new taxation and new market intervention. it is all going in this direction

TomK

econ

The ECB in a quandary

> The bloc is no longer in a position to implement market reforms and appear more attractive to mobile capital.

That's interesting. Can you elaborate on the point? 

I know it's highly unlikely, but if the EU suddenly abolished all of it's onerous economic restrictions, why wouldn't capital flow back in?