Collapse of Spanish empire as a cautionary tale for Europe

 Spanish empire was the first one in which the sun never set. But borrowing on future revenues for paying for today expenses ruined commercially.

Also the inbreeding of the Habsburg monarch didn't help. After the death of Carlos 3 without an heir the 7 years war started.

The end of Spanish empire was sealed by the attack of their ally Napoleon Bonaparte, who decided to invade them.

Europe had a period of prosperity which allowed indebtness when times were though.

And times got though, the entrance of China in World trade organization, the wars middle East, COVID, war in Ukraine increased debt. 

The political scene is in read also, for years we see the same faces, in France for example we have Macron,Zenour,Melanchon et LePen. Only recently LePen was replaced with Bardela.

In UK, Starmer,Corbyn, Johnson,Cameron.

Rishi Sunak was a kind of outlier. For me it seemed more competent.

In Germany Schröder and Merkel stayed too much.

Ursula von der Leyen seems to stay forever as head of European commission.

In Romania the power is cycled between PSD and PNL parties, everyone cycling the same people at power.

EU ally, USA is ditching it for Russia. 

Without a reform and new people, EU will be like Spain civil war in 20 century, with a powerful nationalist movement against some radicals supported by Moscow.

Only now the nationalists are supported by Moscow.