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117 sats \ 10 replies \ @Cje95 29 Aug \ on: Germany's Economic Slowdown: Inflation Hits Lowest Point Since 2021 econ
They done hit the 2% wayyyyyyy before the US. I want to say I am shocked but the Fed is a complete disaster.
In this case, I think it's more related to how severely hamstrung the EU economies are.
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As a non-European... Europe always looks so clean, neat and interesting from the outside. Beautiful history, languages, great food, beer etc... not to mention cool cars and coffee.
But I guess economically that doesn't tell the whole story. I have noticed while visiting Europe on multiple occasions that the 'eu-people' are far more risk-averse. They would rather work less and take more vacations... than take a risk and innovate to try to boot-strap new ideas to create a successful business. Also I've noticed the government regulation is much stricter and heavier than in say North America... not to mention the taxes are much higher.
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Europe is degenerating into a real shithole before our eyes in the face of the invasion and the economic crisis caused by socialist madness. where I am here, that is southern Spain in Andalusia, the world is still halfway in order. of course this does not apply to the Spaniards, who have to fight for their existence in the face of the socialists here in Spain, but at least the cultural unity and the family structure are still right in most cases.
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Socialism robs a country of its economic powerhouse, economic motivations, and almost all innovation and entrepreneurship. It's just the politically connected/rulers getting rich at the expense of everyone else. Followed of course by inflation, debt, poverty (see Venezuela unfortunately) and empty promises. It's the confiscation of wealth and hope by the state - just to prop itself up through schemes and confiscatory policies that are unsustainable and unjust. Why Europe never figured this out is beyond me.
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