Europe may be reaching a turning point in how it confronts its deepening economic challenges. Signs suggest that policymakers and institutions are beginning to acknowledge structural weaknesses that have long been overlooked. Mounting inflation, energy insecurity, and sluggish growth have combined to create a precarious environment, particularly as global competitors advance in innovation and industrial policy. While some nations have taken steps toward fiscal consolidation and strategic investment, the overall response remains fragmented. The European Central Bank faces pressure to balance inflation control with the risk of stifling already weak economic activity. Meanwhile, public sentiment is shifting, with growing concern over living standards and the sustainability of welfare systems. Whether this moment leads to meaningful reform or fades into complacency will likely determine the continent’s economic trajectory over the next decade.
— news from The Wall Street Journal
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Opinion | Is Europe Awakening at Last to Its Economic Peril? The Wall Street Journal