The Myth of Decoupling

Ordinary Europeans should not be fooled by arguments that Europe's economy has become "decoupled" from that of the US. Special interests in Europe would not be peddling such dubious pabulum if they felt confident about the economy’s future.

PALO ALTO, CALIF. -- The fact that America’s economy is slowing is bad news for Europeans, regardless of claims that Europe’s economy has successfully decoupled itself from the United States. Decoupling is an idea that is based on bad economics – and on some Europeans’ reluctance to accept the fact that Europe’s short but sweet economic expansion is also coming to an end.

https://prosyn.org/XRWMECW