Euro Mode Is Still Dependable

For many years, economists and politicians in USA and China criticize that European mode of economy is a barrier of innovation in industry. They believe that over fair distribution of fortune and embracing social welfare has corrupted the passion of creating their own business and products.They claim American mode is stimulating more people create their own enterprise and innovated products to influence the worldwide technological trend. The mode of USA, means less social welfare compared to European mode. Additionally, American teachers, schools and media are more professional and active on discovering new talents. It seems all these features in USA make the country more creative than Europe, a continent full of rich social welfare. However, Euro mode actually become the generator of its industrial innovation rather than a barrier. To some extent, USA mode should tilt a bit to Euro mode.

European economy guide – Taking Europe’s pulse (from The Economist)

Europe’s Economies by several indexes on The Economist

Many evidences have confirmed that EU has waked up, restoring positive development. Countries sticking to industry and manufacturing, Germany, Sweden, Finland, Austria and Luxembourg particularly, keep on going up and will be even running faster in next year. Countries in crisis, such as Italy, Spain, Portugal and Greece, is forecast to regain increase of GDP and gain development rate over 1% in 2015. It seems that Euro zone shouldn’t be taken apart.