look news india
Paris: The economy of entire Europe is slowing down. Unrest and chaos are spreading across the continent. Per capita income is falling. Cheap and diverse and innovative Chinese products have flooded the market. Chinese businessmen are diversifying, researching and bringing new products to market every day and eliminating 'Cotintan' business-ventures. The fear is that a 'crisis' may arise once again.
This is also because Europe is lagging behind in the technological revolution.
The combined market capitalization of the EU's 27 members is equal to that of the US's Magnificent Seven.
Last week, French President Emmanuel Macron gave an analysis and said that 'there can be no great power without economic viability. For this it is necessary to advance technology. Europe has not been able to create enough wealth per capita. Indeed, Europe needs to become an attractive land for investment and innovation. Also, it is essential to create capital on a large scale through a simplified financial system. There is also a need to increase savings and create new opportunities for capital investment across the continent.
In short, Europe is mired in economic crisis and financial chaos. At that time, historian E. Lipson remembers writing about the global economic crisis before World War II. Wheat production began in the 'Pampas' of Argentina in 1925. Lipson wrote 'and the words crisis echoed throughout the world' for that financial crisis, which began with the collapse of global markets as more and more silver began to flow from its silver mines. He further wrote that this was the main cause of World War II.