The European Union is the Greatest Economy in the World. Will USA catch up?

[Lolcislaw]

GamingChartzFTW said:

Lolcislaw said:
Wow, the problem is that European Union is not working as a single economy, this organisation obviously ties those economies yet there are so many differences beetween nations states no once could consider EU as a single economy.

To name a few (cause its alte):

-Euro is only a currency in 16 nation states More nations soon to come. Theoretically, most Eeastern Economies arent capable yet of entering the Euro Zone. And some countries still oppose it.
-There is a huge economic difference beetween states from Former Eastern Bloc (Poland , Hungary, Latvia) and those from the "old" Europe; France, UK or Germany That is the current situation, yes? This will continue for Decades, I know quite the differences beetwen Poland and UK for example, and catching the standard of Living in the West will take loooong time.
All those countries benefit differently from common agricultural policy for example
-There is a single market, but there is stiff competition within it. That's good , yes it is but this adds to my thesis that you cannot count EU as a single eocnomy.

Plus Europe will never become Unified like the United States, (We don't want to) And thats good i think it is a bit naive to believe in it. Too many cultural, language, ethnic and historical differences have been beetween the countries, and still are. Plus i dont think that majority of us Europeans would like any more unified Europe (european parliament does not really exert much influence on Goverments, They do! They really dont, there biggest task recently was to get the new members to adjust to european law (which is good). But they do not tend to alter or influence the laws passed in Member states, mainly because it is a place for debate not for decision making. it has authority but rarely uses it). Constitution was rejected recently as well.

European Union is not doing as well as some people might think. Wrong. It's quite the opposite! Well looking at the economies of most nation states, one can say that its not preventing UK or other countries from suffering within the depression. Also decision making process within it is slow and beauracritised. Im not an EuroSceptic but EU needs a reform.

 

 

:D