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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.

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.

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>[https://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> See: [[Atheism and sloth]]

Western Europeans work less hours than Americans and workers in many other countries.<ref>[https://www.forbes.com/2006/05/20/steven-landsburg-labor_cx_sl_06work_0523landsburg.html Why Europeans work less hours than Americans], ''Forbes''</ref><ref>[https://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>[https://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>[https://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> See: [[Atheism and sloth]]

Niall Ferguson also noted in his article:

Niall Ferguson also noted in his article:

{{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>[https://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>}}

{{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>[https://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>}}

[[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>]]

[[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>]]

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>

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>[https://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>

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.  

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.  

See also:  

See also:  

*[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]

*[https://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]

*[http://mises.org/daily/5800/Why-Is-There-a-Euro-Crisis Why is there a Euro Crisis?]

*[http://mises.org/daily/5800/Why-Is-There-a-Euro-Crisis Why is there a Euro Crisis?]

*[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

*[https://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

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>

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>

[[China]] has the world's largest [[atheism|atheist]] population.<ref>[http://www.thechapmans.nl/news/Atheist.pdf Top 50 Countries With Highest Proportion of Atheists / Agnostics (Zuckerman, 2005)]</ref><ref>[https://www.washingtonpost.com/blogs/worldviews/wp/2013/05/23/a-surprising-map-of-where-the-worlds-atheists-live/ A surprising map of where the world’s atheists live], ''Washington Post'' By Max Fisher and Caitlin Dewey May 23, 2013</ref>

[[China]] has the world's largest [[atheism|atheist]] population.<ref>[http://www.thechapmans.nl/news/Atheist.pdf Top 50 Countries With Highest Proportion of Atheists / Agnostics (Zuckerman, 2005)]</ref><ref>[https://www.washingtonpost.com/blogs/worldviews/wp/2013/05/23/a-surprising-map-of-where-the-worlds-atheists-live/ A surprising map of where the world’s atheists live], ''Washington Post'' By Max Fisher and Caitlin Dewey May 23, 2013</ref>

According to ''Slate'', "Protestant Christianity has been the fastest growing religion in [[China]]."<ref>[http://www.slate.com/bigideas/what-is-the-future-of-religion/essays-and-opinions/fenggang-yang-opinion When Will China Become the World’s Largest Christian Country?], Slate</ref>  [[Evangelicalism|Evangelical Christianity]] is especially growing sharply in China.<ref>[http://www.csmonitor.com/World/Asia-Pacific/2015/0111/In-China-a-church-state-showdown-of-biblical-proportions In China, a church-state showdown of biblical proportions]</ref>

According to ''Slate'', "Protestant Christianity has been the fastest growing religion in [[China]]."<ref>[http://www.slate.com/bigideas/what-is-the-future-of-religion/essays-and-opinions/fenggang-yang-opinion When Will China Become the World’s Largest Christian Country?], Slate</ref>  [[Evangelicalism|Evangelical Christianity]] is especially growing sharply in China.<ref>[https://www.csmonitor.com/World/Asia-Pacific/2015/0111/In-China-a-church-state-showdown-of-biblical-proportions In China, a church-state showdown of biblical proportions]</ref>

Hugh Whelchel's article ''The Protestant Work Ethic: Alive & Well…In China'' declares:

Hugh Whelchel's article ''The Protestant Work Ethic: Alive & Well…In China'' declares: