And then are surprised by "unexpected" job losses and decreased treasury revenues. Rinse and repeat.
One advantage that European’s have is that when a German, French or UK citizen works in foreign country..like Asia..they don’t pay taxes in their home country. They only pay taxes in the overseas location. So many European countries move their best and brightest overseas to work on world wide issues and pay them well. The home country still gets a return on them..in the form of their work product and their wealth remittance. None of the socialist states of Europe would work at all without the remittances of their citizens and business’s overseas who don’t pay local taxes.