[chucke1992]

due to amount of regulations it is hard to start business in europe and thus they mainly have old business (like BMW etc.) that are in decline. but innovation happens in other places.

There are two exceptions though - France (partially) and Sweden.

[palata]

Right, I guess it depends on your metric. Happiness, someone?

[chucke1992]

happiness ends when your economy goes down the drain.