What does the phrase Europessimism (or Eurosclerosis) mean?

Question

I can guess, but they'd just be guesses...do any of you know the actual answer?

Answer 1

Europessimism refers to a widespread political mood among Europe's elites in the 70s and early 80s that Europe's prospects were dim because it was too sclerotic, beset by strikes, stagflation and terrorism etc.

Eurosclerosis is a term coined in the 1980s to describe a European economic pattern of high unemployment and slow job creation in spite of overall economic growth. This was in contrast to what the United States experienced in the same period when economic expansion was accompanied by high job growth. Later, the term tended to be used more broadly to refer to overall economic stagnation.