Sure, but Europe's not growing. It is purely in "shrink forever" mode. This is easily measured, any time fertility drops below 2.1 that's what happens. But ignore that a moment, what if you wanted to depopulate Europe? This might be a good policy for that. Get the timing just right, and it's not even a genocide... food shortages that don't starve anyone just encourages the last few breeders to put a lid on it, and voila! The fantasy of more than a few out there.