Yes. It is, significantly. More people die every year of heat waves in Europe than gun deaths in the US, and it's not even close. Youth unemployment in many European countries is egregiously high, leading to a sense of malaise and nihilism among the youth. The welfare state is collapsing in on itself and residents are taking that anger out on immigrants across the continent, leading to regressive policies being passed.

The EU is extremely close to entering its own Japan-like "lost decades" if nothing changes very soon.