Euro Area

[Furunculus]

In that case.Shouldnt the governments spending that magic 25% be the ones with most competitive economies? But they arent? How do you explain this oxymoron? Lets look at countries with public spending in range of 25% of GDP:

Nicaragua,Fiji,Equatorial Guinea, Tanzania and Suriname.

you do realise that competitiveness (however we choose to define it) and GDP growth are not in fact the same thing?

25% might create optimal growth, but it comes with many social downsides that most modern representative democracies will not accept, however, there is a recommended ceiling for a modern western economy linked in the pdf above. It said 40%. I haven't seen any evidence from you to persuade me that it is essentially wrong............................

if you wish to pick silly examples unrepresentative of aging and declining western nations then i shall pick one too; singapore.

there are four different projections of gdp out to 2050 linked above, let me know how well the high-spending contiental countries are faring forty years hence.