Tens of millions of Americans were impressed at a very early age with the story of The Little Engine That Could in one of its many iterations. There is something intrinsically American in the phrase "I Think I Can" that has resonated with four generations over the past hundred years. After all, if you think you can't, you won't.
Will the huge jobs program known as the Airbus A380 be enshrined in the European consciousness as "The Great Big Plane That Couldn't"? One might note that Telegraph article is totally focused on potential job loss rather upon any analysis of the systemic planning failure (a hallmark of socialist governance) which is the central cause of the disaster. There is a bit of analysis of the 'beggar thy neighbor' fight to maintain job levels rather than to seek the lowest cost for any part or assemblage and there is just a whiff of the 'we're all responsible so no one in particular should be singled out for blame' that is so well beloved by socialists.
Will the EU make it to the NIE estimate of 2020 prior to collapsing? Possibly, for as Adam Smith noted a little while ago "There is much ruin in a nation". How much more so there must be in an ill conceived agglomeration of nations afflicted with systemic progressive rot.
It is little wonder that Europe and America's progressives share the same demographic tendencies. Nature is very unkind to losers without the will to even strive.