Europe Needs A Big Dose Of Truth

The truth may be disturbing, but Europe should face up to it. The gap between European and U.S. and Asian industry is growing at an alarming rate. For a brief moment, it seemed as if the European Union bureaucrats in Brussels had finally screwed up the courage to tell it like it is. "Europe is trapped in a vicious downward spiral," warned a draft of a soon-to-be published report on Europe's competitiveness. But wait. Before the report could be issued, timid EU ministers demanded that these blunt phrases be purged from the report. In the end, the EU released a politically correct official version, which contained the kind of mind-numbing verbiage that only bureaucrats can produce.

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