Eurosclerosis

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Eurosclerosis (German: Eurosklerose) is a term coined by German economist Herbert Giersch in the 1970s, to describe a pattern of economic stagnation in Europe that was alleged to have resulted from government over-regulation and overly generous social benefits policies.

Excerpt from the Wikipedia article “Eurosclerosis”, under the CC BY-SA 4.0 license. Read the article on Wikipedia