Since 1975 the countries now in the euro zone have given birth to just one company currently among the world’s 500 biggest (ironically it is from Spain: Inditex); by contrast California alone has created 26.Someone suggested "this said it all". The Economist is recommending "shock therapy" for the Euro Zone.
The Economist is well respected. When I was in "college"♠ we had a subscription to a weekly news magazine each year, taken out of our pay. One year it was The Economist, a thin paper edition, befitting its traveling from England, unlike now, with the electrons flowing readily for printing in the US.
Regards — Cliff
♠ I have to put college in quotes for my Brother Lance, who is dubious that I ever really had a college experience.