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491_9781925138757
Over the past years, we have become used to Europes debt crisis. However, the fiscal problems of countries such as Greece are only the tip of the iceberg. Europes crisis has much deeper roots.In this essay, Dr Oliver Hartwich presents a sketch of Europes decline. The continent that invented and dominated the modern world has gambled away its future. Run by distant and unaccountable political elites, the EU embarked on a project of political integration for which there was never any popular appetite. At the same time, government spending across the continent increased to levels never before seen in history. To make matters worse, Europes population is ageing and shrinking. Why Europe Failed is a sobering account of the Old Worlds fall from grace. It also contains a warning not to repeat Europes mistakes elsewhere.A compelling essayHon John Howard OM AC
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