Europeans Are Becoming Poorer

“Europeans are facing a new economic reality, one they haven’t experienced in decades. They are becoming poorer,” the Wall Street Journal reports.

“Life on a continent long envied by outsiders for its art de vivre is rapidly losing its shine as Europeans see their purchasing power melt away.”

“With consumption spending in free fall, Europe tipped into recession at the start of the year, reinforcing a sense of relative economic, political and military decline that kicked in at the start of the century.”