Kind of hard to invest in a place that will be ‘transitioning’ in a decade or so.
The EU’s biggest product is over-regulation by EU and national bureaucracies.
Add in the rapidly increasing Islamization and there is little reason to build a big business there, vs. in the U.S.
The significance of geographically tied ownership and wealth is so quaint as an idea.
I am sure the euros see this as a net positive.
The Antichrist’s empire will rise out of Europe. It will have its capital in Rome. So I would suspect this will change coming up. As America wanes, Europe and the Roman empire will be reborn.
The EU put a priority on protecting existing businesses. They are mostly old school production companies. If you examine the hugely successful American companies, few of them existed at the point where the EU attempted to freeze success by protecting their existing businesses. So, the old school businesses are protected but stuck in time. In the US companies with inefficient business models go bankrupt leaving room for faster, leaner startups that can then grow into a whole new ecological niche that didn’t even exist before they invented it.
There is no Google, Apple or Nvdia without ASML.
The future lies east of Suez
Europe has stagnated beyond competitive recovery.