"There is no mystery to the European disease:
-excessive government spending not justified on a cost-benefit basis, including many “green” projects that have failed;
-tax rates far above the revenue and welfare maximizing rates that have only undermined the desire to work, save or invest; and
-regulations that make no economic sense and are so numerous and complex they only serve to undermine the rule of law."
Public spending is a strong tool to get votes then it becomes a drug very addictive on both parts and at the same time, it poisoned the entire market economy before the collapse.
https://www.washingtontimes.com/news/2019/may/6/europe-slides-into-the-poor-house/?fbclid=IwAR3jI5YaAtL3rGjCUa2Ji6lQp5SatNlErWVw9UPHjI8l8qA3_FMKDQbAtTU
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