In this environment, you'd expect to see the markets shooting skyward, or at least making a nice, long bull run. Here's what's really happened.
|France's CAC40 over the last 2 years.|
|Spain's IBEX 35 over the last 2 years.|
|America's S&P 500 over the last 2 years.|
More basically, this shows that even advanced, first-world nations can eventually spend and regulate themselves into ruin. Europe has so crippled themselves with government interventions in the marketplace that they no longer respond properly to the most basic of stimuli - money dropped from helicopters. Again, just using this information, you'd have to conclude that there is something foundationally wrong with Europe.
Sadly, we're not seeing much indication that the Europeans have noticed this. Instead, they're marching the protesting for yet more government spending and intervention.