As a social problem, immigration is definitely number 1.
But as an explanation for Europe's long-standing economic problems, probably not. And the energy crisis has only accelerated it and spread it to more countries (Germany was not a basket-case, or at least not as much, before), rather than being a cause.
I didn't know what 'financialization' meant, so I learned a new word there. It's difficult to quantify how much of the economic problems are caused by that, but it's definitely a social problem.
As a social problem, immigration is definitely number 1.
But as an explanation for Europe's long-standing economic problems, probably not. And the energy crisis has only accelerated it and spread it to more countries (Germany was not a basket-case, or at least not as much, before), rather than being a cause.
I didn't know what 'financialization' meant, so I learned a new word there. It's difficult to quantify how much of the economic problems are caused by that, but it's definitely a social problem.