Europe's intolerance towards foreigners threatens its economic future, an article published in Newsweek states. Stefen Theil, author of the article 'The Incredible Shrinking Continent' argues that Europe desperately needs to upgrade its workforce to compete in knowledge-intensive sectors. Immigration is vital for this upgrading process, he believes. As Europe's demographies are rapidly changing, shortages on the labour market will increase significantly. According to Stefan Theil, the answer to these shortages lies in the attraction of skilled migrants. However, he fears that the current intolerance and negative attitudes towards foreigners in Europe, will prevent migrants from entering the European labour market. As a result, Europe might be heading for serious long-term economic trouble.