Since 2008 when we adjust for inflation the year 2008 was the richest year in European history.
We are poorer in 2025 than we were in 2008. For most european countries, Spain, Portugal, France, Germany, Netherlands, Uk, Belgium, Italy, etc. For these countries there economies have still not recovered from 2008 and when we analyse the graph of GDP per capita they have stagnated and haven't event recovered fully to that 2008 level again when we adjust for inflation.
So why is this?