Is it sensible to skip Europe altogether in my asset allocation given my situation? (opens in new tab)

I am 31 years old. For health reasons I am bounded to live in a European country, where I was born and have access to the public healthcare system. I currently hold a modest portfolio with 20% bonds - 75% stocks - 5% gold that I have been growing steadily, rebalancing every 6 months and with which I feel comfortable. Of the stock allocation, 25% is in Europe. The rest is, currently: 45% North America, 15% Developed Asia, 15% emerging markets*. Recently, I have been thinking about completely s...