Europe Faces Reckoning for Years of Overspending as Debts Come Due

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An Economist analysis argues that Europe has been living beyond its means for a number of years. The piece suggests that the financial consequences of this pattern are now becoming apparent. The source material provided is limited to a link and metadata, so the specific figures and examples cited in the article could not be verified here. Readers seeking the full argument should consult the original Economist report directly.

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