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A 2011 ''Telegraph'' article said about the [[Eurozone Crisis]]: "Either way, not a single Protestant or Germanic EU country has so far needed a bailout."<ref>[http://blogs.telegraph.co.uk/news/edwest/100116846/yet-another-catholic-country-needs-a-bailout-from-the-protestant-north/ Yet another country needs a bailout from the Protestant North]</ref>
 
A 2011 ''Telegraph'' article said about the [[Eurozone Crisis]]: "Either way, not a single Protestant or Germanic EU country has so far needed a bailout."<ref>[http://blogs.telegraph.co.uk/news/edwest/100116846/yet-another-catholic-country-needs-a-bailout-from-the-protestant-north/ Yet another country needs a bailout from the Protestant North]</ref>
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=== Secular Europe's economic crisis ===
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[[Image:Euro banknotes.png|right|thumb|[[Euro]] banknotes|200px]]
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Although European countries have a cultural legacy of Christianity, the results of its present day irreligiosity has not been without ill-effects.
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The [[Eurozone Crisis|Eurozone crisis]]  is an ongoing [[economics|economic]] crisis which has been negatively affecting [[Eurozone]] countries since late 2009. It consists of a sovereign debt crisis, a banking crisis and an economic growth and competitiveness crisis.
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Western Europeans work less hours than Americans and workers in many other countries.<ref>[http://www.forbes.com/2006/05/20/steven-landsburg-labor_cx_sl_06work_0523landsburg.html Why Europeans work less hours than Americans], ''Forbes''</ref><ref>[http://www.businessinsider.com/average-annual-hours-worked-for-americans-vs-the-rest-of-the-world-2013-8 Check Out How Much The Average American Works Each Year Compared To The French, The Germans, And The Koreans], Business Insider</ref><ref>[http://www.bbc.com/news/magazine-18144319 Who works the longest hours?], BBC, 2012</ref>  Commenting on this matter, Niall Ferguson wrote a 2004 article published in ''The Telegraph'' entitled, "''The atheist sloth ethic, or why Europeans don't believe in work''".<ref>[http://www.telegraph.co.uk/comment/personal-view/3609338/The-atheist-sloth-ethic-or-why-Europeans-dont-believe-in-work.html The atheist sloth ethic, or why Europeans don't believe in work] by Niall Ferguson, The Telegraph, 2004</ref>
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Niall Ferguson also noted in his article:
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{{cquote|There are, for example, many more Europeans out of work than Americans; over the past decade, US unemployment has averaged 4.6 per cent, compared with 9.2 per cent for the EU. Another difference is in labour participation. Between 1973 and 1998, the percentage of the American population in employment rose from 41 to 49 per cent. But in Germany and France, the equivalent percentage fell to, respectively, 44 and 39 per cent.<ref>[http://www.telegraph.co.uk/comment/personal-view/3609338/The-atheist-sloth-ethic-or-why-Europeans-dont-believe-in-work.html The atheist sloth ethic, or why Europeans don't believe in work] by Niall Ferguson, The Telegraph, 2004</ref>}}
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[[File:Flag of Sweden.png|thumbnail|left|200px|In 2014, Sweden's new Social Democrat prime minister Stefan Loefven said, "Sweden is in a serious situation -- unemployment has become entrenched at high levels, school results have collapsed and the welfare system has major shortcomings".<ref>[http://www.afp.com/en/news/new-feminist-government-green-tinge-sweden New 'feminist' government with a Green tinge in Sweden]</ref>]]
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In addition, one the significant causes of Europe's economic stagnation is an aging population and the low fertility rates in many European countries.<ref>[http://www.forbes.com/sites/joelkotkin/2012/05/30/whats-really-behind-europes-decline-its-the-birth-rates-stupid/ What's Really Behind Europe's Decline? It's The Birth Rates, Stupid], ''Forbes'' magazine,  5/30/2012</ref>
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The regions of [[secular Europe]] which are performing better than the rest of Europe often have a cultural legacy of the Protestant work ethic. For example, a 2011 ''Telegraph'' article noted: "Either way, not a single Protestant or Germanic EU country has so far needed a bailout."<ref>[http://blogs.telegraph.co.uk/news/edwest/100116846/yet-another-catholic-country-needs-a-bailout-from-the-protestant-north/ Another Catholic country needs a bailout]</ref> The Protestant [[Reformation]] started in Germany and Germany has one of the strongest economies of Europe.
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See also:
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*[http://www.csmonitor.com/World/Europe/2011/1202/The-eurozone-crisis-explained-in-5-simple-graphs/Debt-as-a-percentage-of-GDP The Eurozone Crisis explained in 5 simple graphs]
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*[http://mises.org/daily/5800/Why-Is-There-a-Euro-Crisis Why is there a Euro Crisis?]
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*[http://www.forbes.com/sites/shelliekarabell/2014/09/16/is-europe-in-decline-one-professor-thinks-so/ Is Europe In Decline? One Professor Thinks So] - ''Forbes'' magazine, 9/16/2014
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In addition, many irreligious states (includes various countries in [[secular Europe]]) engage in an economic policy of tax, spend and [[sovereign debt]] accumulation (see also: [[Atheism and politics]] and [[Secular left]]).<ref>[http://pubs.aeaweb.org/doi/pdfplus/10.1257/jep.26.3.49 European Sovereign debt crisis] by Philip Lane</ref>
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Although the [[United States]] with its tradition of religious freedom and a strong work ethic has experienced high levels of prosperity and religiosity, often prosperity is inversely proportional to religious belief due to men's arrogance when they become wealthier.<ref>[http://voxday.blogspot.com/2014/06/the-inevitable-decline-of-atheism.html The inevitable decline of atheism] by [[Vox Day]]</ref><ref>[http://questionevolution.blogspot.com/2012/07/does-atheism-thrive-on-economic.html Does atheism thrive on economic prosperity? Does religion prosper when people are desperate and ignorant?]</ref>  [[Vox Day]] has pointed out that arrogant and godless nations have often eventually experienced significant hardships <ref>[http://voxday.blogspot.com/2014/06/the-inevitable-decline-of-atheism.html The inevitable decline of atheism] by [[Vox Day]]</ref>  Economic and societal instability is positively correlated to greater religiosity.<ref>[http://questionevolution.blogspot.com/2012/07/does-atheism-thrive-on-economic.html Does atheism thrive on economic prosperity? Does religion prosper when people are desperate and ignorant?]</ref> Economic/societal instability in Europe could cause Europe to become more religious.<ref>[http://questionevolution.blogspot.com/2013/12/social-unrest-in-europe-and-its-effect.html Social unrest in Europe altering its religious landscape]</ref><ref>[http://questionevolution.blogspot.com/2013/03/another-crisis-hitting-atheism.html Another crisis hitting Darwinism, atheism and agnosticism - Eurocrisis is causing secular Europe to have falling fertility rates. Creationism does well in economic hard times]</ref><ref>[http://questionevolution.blogspot.com/2013/03/why-literal-reading-of-genesis-account.html Why a literal reading of the Genesis is surging in the world. Why a a literal reading of the Genesis will increase in the Western World]</ref>
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=== Economic and societal deterioration in secular Sweden ===
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See: [[Secular Europe#Economic and societal deterioration in secular Europe|Economic and societal deterioration in secular Sweden]]
    
== Growing Protestant population in atheistic China and increased economic development ==
 
== Growing Protestant population in atheistic China and increased economic development ==
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