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elstatec · 02-14-2006, 06:50 PM

well thats 'Fareed Zakaria's' view on it, yes the union itself may be a mess but doesnt mean Europe is declining at all, its growing and more countries are joining. It will probaly never be the worlds leading economy the way it is currently as there are far too many countries own interests lying within and high taxes affecting them also.

And here is to the contrary:

[quote:ff8d4]If considered a single unit, the European Union has the largest economy in the world with a 2004 GDP of 11,723,816 million USD using PPP equivalence. The EU economy is expected to grow further over the next decade as more countries join the union - especially considering that the new states are usually poorer than the EU average, and have the capacity to grow at a high rate. However, it is estimated that the eurozone will only grow around 0.3 per cent (Q2 2005) 1, while other industrialised nations will grow faster, such as the United States, which is estimated to grow three times as much at around 3.2%(Q2 2005). The European Council published on 17 November 2005 that the economy of the European Union will have grown approximately 1.5% in 2005. The eurozone however, will have grown 1.3% in 2005. The European Council is hopeful that the European Union will grow further in 2006 and in 2007 (2.1% 2006 2.4% 2007). Germany, the largest economy in the EU, will grow about: 0.8% 2005, 1.2% 2006 and 1.6% 2007. After extremely slow growth, it seems that the EU will grow again in the next couple of years. 2

http://en.wikipedia.org/wiki/Eu[/quote:ff8d4]

[quote:ff8d4]
"Over the past three years, living standards, as measured by GDP per person, have risen by 5.8 percent in the European Union but by only 1 percent in the United States. An unfair comparison, perhaps, given America's recent recession? Then look at how the European Union and the United States size up since 1995, a period that includes the go-go late '90s, when America apparently advanced by leaps and bounds. While living standards in the United States have risen by a healthy 16.1 percent over the past eight years, they are up by 18.3 percent in the European Union. Another statistical sleight of hand? Not at all. Pick any year between 1995 and 2000 as your starting point, and the conclusion is the same: Europe's economy has outperformed America's." (2003 P Legrain)[/quote:ff8d4]

	(#3)
elstatec is Offline Colonel Posts: 9,369 Join Date: Jun 2003 Location: United States of England	02-14-2006, 06:50 PM well thats 'Fareed Zakaria's' view on it, yes the union itself may be a mess but doesnt mean Europe is declining at all, its growing and more countries are joining. It will probaly never be the worlds leading economy the way it is currently as there are far too many countries own interests lying within and high taxes affecting them also. And here is to the contrary: [quote:ff8d4]If considered a single unit, the European Union has the largest economy in the world with a 2004 GDP of 11,723,816 million USD using PPP equivalence. The EU economy is expected to grow further over the next decade as more countries join the union - especially considering that the new states are usually poorer than the EU average, and have the capacity to grow at a high rate. However, it is estimated that the eurozone will only grow around 0.3 per cent (Q2 2005) 1, while other industrialised nations will grow faster, such as the United States, which is estimated to grow three times as much at around 3.2%(Q2 2005). The European Council published on 17 November 2005 that the economy of the European Union will have grown approximately 1.5% in 2005. The eurozone however, will have grown 1.3% in 2005. The European Council is hopeful that the European Union will grow further in 2006 and in 2007 (2.1% 2006 2.4% 2007). Germany, the largest economy in the EU, will grow about: 0.8% 2005, 1.2% 2006 and 1.6% 2007. After extremely slow growth, it seems that the EU will grow again in the next couple of years. 2 http://en.wikipedia.org/wiki/Eu[/quote:ff8d4] [quote:ff8d4] "Over the past three years, living standards, as measured by GDP per person, have risen by 5.8 percent in the European Union but by only 1 percent in the United States. An unfair comparison, perhaps, given America's recent recession? Then look at how the European Union and the United States size up since 1995, a period that includes the go-go late '90s, when America apparently advanced by leaps and bounds. While living standards in the United States have risen by a healthy 16.1 percent over the past eight years, they are up by 18.3 percent in the European Union. Another statistical sleight of hand? Not at all. Pick any year between 1995 and 2000 as your starting point, and the conclusion is the same: Europe's economy has outperformed America's." (2003 P Legrain)[/quote:ff8d4]