An Irish executive expresses his opinion:
EUROPE must address its cost base or risk being left in the dirt by the United States and Asia, one of the leading figures in Irish business warned yesterday.We are not so sure he has been paying close attention to recent developments in the United States.
I suspect that each region looks so bad from the inside that the people within assume that the others can't possibly be that bad. Hence rich Chinese come to America, rich Americans go to China, and rich Europeans go to Russia. It's the musical chairs of economic collapse.
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