nintendo_fanboy on 29 October 2007
| elendar said: Your laughable as well. Clearly gods vengeance is coming to America in the form of natural disasters right? The entire world is being hit with rising oil costs, just America uses more of it. The US economy is not staggering, its still growing at 1-2%. China / India economies are booming but still are years away from being a match in terms of the size of the US economy. The EU has been stagnant for decades. Attribute that one to socialism. |
First of all, the EU exists for only 14 years, not a long enough time to judge its economical success. Secondly, the countries that are led by socialists may be stagnant, but at a rate other countries are only dreaming about. Of course there are countries in Europe that are facing economical problems like France or Italy, but they are sure not led by socialists. However, since the Euro exists, inflation seems to be very well controlled which is also very important. And a look at trade bilances doesn't show good signs for US-economy either.
All in all, I'd say that Europe's economy is healthier than the USA's at the moment.
