Basically you have 4 parts: - Tech Giants and concentration of global profits, don't look at revenue look at profits - demographics, Europe is now loosing wo

Basically you have 4 parts: - Tech Giants and concentration of global profits, don't look at revenue look at profits - demographics, Europe is now loosing workers every year - deficit spending, Europe has spent comparatively litte compared to the US - energy and Russia, a much bigger burden in Europe