There are currently eight races in Western Europe but F1 supremo Ecclestone says Europe is a "thing of the past" and wants instead to take the sport to new destinations such as Mexico, Russia and South Africa.
"I think in the next few years Europe will be left with only five races," Ecclestone told Spanish sports daily Marca. "I think Europe is finished. It will be a good place for tourism but little else. Europe is a thing of the past."
Ecclestone said he wants to keep the total number of Grands Prix in a season at 20, which would mean Europe would lose races to accommodate new destinations.
"Russia for sure, we have a contract there," Ecclestone said. "Maybe South Africa, Mexico".
Asked if Europe was still the spiritual home of the sport, Ecclestone said: "It used to be."
Western Europe currently hosts five classics - the British, Belgian, Italian, German and Monaco Grands Prix. The other European races in 2012 are in Budapest, Barcelona and Valencia.