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> Japan has been stuck in stagnation and a "silent depression" I think that's what's in store for us here in Europe anyway. We have no reasonable young workfo
by paganel 4y ago
> Japan has been stuck in stagnation and a "silent depression"
I think that's what's in store for us here in Europe anyway.
We have no reasonable young workforce anymore (in term of numbers, that is), the competitive advantage provided by cheap Russian energy is gone forever, we didn't really get on the IT bandwagon, or, more exactly we slipped off it by the late 2000s (I'd say), the euro is not the world reserve currency and I could add some more. I honestly fail to see how Europe can avoid Japan's fate when it comes to its economy.