There is something rather childish about European politics right now.
In virtually every country in the European Union, public expenditure is outstripping tax revenues. The continent hasn't grown in five years. Nevertheless, Europeans have chosen ignore these harsh realities. Everywhere, we hear the cry of "no more austerity".
But what does it mean? Europeans want higher living standards, they want to work less, they want more social protection, they want better public services, and they want to pay less tax. It is one massive continent wide political tantrum.
It is something akin to saying "we don't want to be poor". Of course, nobody wants to be poor. However, avoiding poverty means working hard, saving, investing and generally accumulating wealth. Activities that no longer interest the majority of Europeans.