I live in Europe, but I see no cheering anywhere. I see apathy. People have given up. They can't reach their local authorities. They can't reach the government. They can't reach EU. These have all turnes into face less machines.
Also, I don't think that the so-called leaders in Europe are incompetent. I think that they know exactly what they are doing, and that everything is going according to (their) plan.
Apart from that, I think you are spot on.
