Hair of the Dog?

Debt drunk? Here lies the EU, drunk in the gutter.. Again.. Smelling of gin and wee. BUT How to sober up? I think the inevitable is that BRIC will overtake West, N-11 countries to come on par with Europe over 5y. Then some real rebalancing in competitiveness over 10y. There's the US Silicon Valley lesson, to have a healthy balance of trade and stable consumer trends. BUT instead Govts try to make the old model work, kick the bottle in brown paper down the road by increasing debt more, devaluing currencies, high inflation, property boom. It's not a solution, more the hair of the dog..