EU as a whole is sadly too risk averse and going downhill because of it. While quality of life is still great there, the GDP share of EU is falling. I believe

EU as a whole is sadly too risk averse and going downhill because of it. While quality of life is still great there, the GDP share of EU is falling. I believe the main reason is that people in EU in general prefer to invest in bonds instead of businesses / stocks even for long term (where stocks make more sense), but government bonds themselves can't move the world forward.