Comment by immibis

Investors invest where the money is. The money is in the US. As a result of the factors I already stated.

The best way to get more euros over time appears to be to exchange them for US dollars, invest in US stock markets over time, and eventually exchange them back for euros. So rational investors will do that. It will work as long as the American regime doesn't collapse its currency due to overprinting, in which case all those euro investors will lose all their money.

An individual investor doesn't care about improving the economy of their country at all. They only care which investment will make the money today. And the investment market is just a collection of investors. Never make the mistake of thinking investment markets are rational economic planners - that's the fallacy of composition.

European governments may want to prevent this situation, but they're all pretty locked into the free-market regime, so there's not a huge amount they can do. They can't just give out free money, either, since there's a lot more state-backed financial crime and corruption over there, due to having enemy countries in close proximity.