It seems the continent is going to suffer a great deal of economic pain which is a path it was heading down for a long time.
I am in Hungary (central Europe), and this country is continuously suffering. Many people lives under the minimum wage (including me), and even the official minimum wage, which is approximately $550 USD per month, is much behind the European standard/average.
And the government asks "would you raise the minimum wage?" in propaganda.
Not to mention the fact that our country is still using the Hungarian Forint (HUF) currency, which is worthless. 1 HUF is currently $0.003 USD or €0.0027 EUR. Our country should have switched to Euro long ago, because (theoretically) we are a part of the EU since 2004. I currently do not feel this. It feels more like some kind of Asian dictatorship.
Huge shame on the Hungarian government.