- March 29, 2022
- Posted by: Stratford Team
- Category: Economy
The predicament of Volodymr Zelenskyy makes an apt metaphor for Europe. As he ran himself into a sword, the “Europe” of which he wants to be a part of egged him on and watched. By deliberately keeping Russia out of Europe, it has given itself a siege mentality. But what is this Europe? Dr Henry Kissinger once famously quipped: “If I want to talk to Europe, who do I call?” With individual nations conducting their own diplomacy, the EU is run by a bureaucracy of discarded politicians.
Time is also against Europe. It is rapidly ageing, and has entered the stage of very slow demographic growth and will be confronted with significant population decline in the first half of this century. Its 0-15 population is shrinking and it has a declining working-age population. In the near future, most EU countries will experience an excess of deaths over births. By 2050, its median age will rise to 48. That year, the number of Europeans over 60 will…