Singapore More Successful Than Europe?

I asked myself this question a few day ago as I went in my spacetime in the evening to “Marina Bay” to watch the Lion spill his water. The lifestyle, the food, the honest politeness and the joie de vivre are contagious. It is as if a code has been written over the city state that is universally accepted without contradiction. And, unlike in Europe, everything works in Singapore. Really everything. But it's not quite as simple as that:
It is always difficult to draw a direct comparison between the economic performance and success of Singapore and Europe, as they are different regions of different sizes, resources and economies. Singapore is a very small but highly developed city-state with a very open, export-orientated economy. Europe, on the other hand, is a large continent with many countries that have different economic systems and levels of development.
In recent decades, Singapore has had a very dynamic and fast-growing economy fuelled by investment, trade and finance. Many European countries have experienced rather moderate growth rates during this time. Singapore has some advantages such as a very efficient infrastructure, a stable political system and a high investment rate. In contrast, many European countries are struggling with structural problems such as national debt, unemployment and regulatory requirements.
However, Europe as a whole has significantly greater economic strength and a higher per capita income than Singapore. That many European countries are among the wealthiest economies in the world has different reasons than in in Singapore. Also the critical view on NATO, America and Europe with it’s wars and and interference in the internal affairs of other states it’s in Singapore very well articulated and carefully observed.
Overall, it can be said that Singapore has experienced an impressive economic rise in recent decades while Europe is in rapid decline. Many companies are moving away because all production is unprofitable due to unaffordable energy costs, labour costs. Ironically in Singapore wages are lower as well as labour costs people are more positive. In Europe wages haven’t increased measured against inflation for 30 years (the purchasing power of one euro today is as high as 1 DM 20 years ago, while the Swiss franc, which was valued at 1:1 with 1 DM 20 years ago, is now valued at over one euro). Europe is definitely in decline. Those who talk this up are paid to maintain the narrative of a successful Europe.