Stripping out the non-essentials

Industrial Europe is gradually being surpassed by other economies, especially in Asia, that are growing faster, producing more efficiently and at lower costs.

It also has the problem of keeping afloat the Club Med banana republics foolishly allowed into the EU with their toxic fiscal systems and work-shy populations.

To keep any sort of show on the road, Europe will need to ditch its cradle to grave welfarism and the chronic featherbedding inherited from its socialist past.

It should also bin its crazy “20/20/20” policy, which aims to cut CO2 emissions to 20% below1990 levels by 2020 and ensure energy supplies are 20% renewable energy.

This insanely expense scheme will not measurably benefit the environment while its Byzantine regulations will cause major economic damage and political strife.

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