December 27, 2012
Europe Is Like a Starved Camel
Dominique Moisi, Project Syndicate
Are non-Europeans much less pessimistic about Europe than Europeans themselves? Could distance be a prerequisite for a more balanced view of the continent’s predicament?
In an interview a few months ago, Wang Hongzhang, the chairman of China Construction Bank, indirectly expressed his subdued enthusiasm for Europe. Quoting the Chinese proverb, “A starved camel is still bigger than a horse,” he went on to say that Europe’s economies are much stronger than many people believe.
TAGGED: European Union, Europe