By Yow Hong Chieh [Yahoo! Malaysia – http://my.news.yahoo.com/dr-m-tells-west-to-live-with-its-075351434.html] KUALA LUMPUR, Feb 8 — Former prime minister Tun Dr Mahathir Mohamad today gave debt-ridden Europe advice on how to deal with its newfound “poverty”: Live with it. The outspoken Umno veteran told the BBC World Service’s Business Daily in an interview that Europe must follow Asia’s lead and face up to the new economic reality or risk prolonging the euro zone sovereign debt crisis. “Europe… has lost a lot of money and therefore you must be poor now relative to the past,” he said. “And in Asia we live within our means. So when we are poor, we live as poor…