It is perhaps time for the euro zone to stop lending its surplus savings to the United States

The euro zone is faced with a slowdown in its growth that to a great extent is explained by the weakening of industry (due to the slowdown in global trade and the contraction of “ old ” industries). The most effective way to jump-start activity in the euro zone would then be to develop the industries of the future: renewable energies, electric cars, internet services , etc. This would require massive investments , and this is why it is totally counterproductive that the euro zone’s savings surplus is not invested in the zone currently , but is lent to the rest of the world, in particular to the US Treasury.