EconoPundit Problems in Europe

EconoPundit

"Europe is facing real problems. But they are not the ones that American free-market critics recount with such grim glee. Yes, the European Commission periodically makes an ass of itself, aspiring to regulate the size of condoms and the curvature of cucumbers. The much-vaunted Stability Pact to constrain national expenditure and debt has broken down in acrimony, though with no discernible damage to the euro it was designed to protect. And pensions and other social provisions will be seriously underfunded in decades to come unless Europeans have more children, welcome more immigrants, work a few more years before retiring, take somewhat less generous unemployment compensation, and make it easier for businesses to employ young people. But these are not deep structural failings of the European way of life: they are difficult policy choices with political consequences. None of them implies the dismantling of the welfare state...



Europe's true dilemmas lie elsewhere. In the Netherlands, in Paris and Antwerp and other cities, antagonism and incomprehension between the indigenous local population and a fast-growing minority of Muslims (one million in the Netherlands, over five million in France, perhaps 13 million in the EU to date) has already moved on from graffiti and no-go zones to arson, assaults, and assassinations. Turks, Moroccans, Tunisians, Algerians, and others have been arriving in Western Europe since the 1960s. We are now seeing the emergence of a third generation: in large part unemployed, angry, alienated, and increasingly open to the communitarian appeal of radical Islam...." discussed.