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Strategies & Market Trends : Booms, Busts, and Recoveries
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To: LLCF who wrote (29312)2/28/2003 10:07:31 PM
From: elmatador  Read Replies (1) of 74559
 
Sweden went down from world's third GNP per capita to 17 or 20, not sure where they stand today.
Eurosclerosis is not new. It is at least 20 years old. But old Europe tries to keep the head above water by extracting value from the little they have.

First with tighter economic integration (Who remembers Europe 1992 propaganda coup?)

Buying up markets via enlargement.

Single currency.Those are palliatives. The decadence is unstoppable. All Europeans countries will not be Brazilianized. They will Swedenized!

Nothing wrong with that: Only world's wealth distributed more evenly.
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