http://newsweek.washingtonpost.com/postglobal/ali_ettefagh/2007/10/no_way_out_of_a_hard_landing.html Pretty good article.
You need 11 countries producing to compare to the one? Why not compare the Eurozone to North America, or throw in some Central or South American countries on the American side?
What the article doesn't tell you is that it is all by design. The people who live in the EU are in a lot of trouble. All those countries in the European Union which were once sovereign nations with their own laws will now be controlled by a single entity. The EU is just the first step towards a global government. The U.S. is intentionally being destroyed. The goal is to merge the United States with Mexico and Canada to create the North American Union, then these three will be merged with the rest of Central and South America to form the Pan American Union. Once the African Union and Asian Union are finalized, the global government will be created, 80% of humans will be exterminated, and the tiny super rich elite who run the government will use advanced technology to make themselves evolved into superhumans, while the 20% of humans who remain on the planet will be left alive to be slaves. Yep, that is the future. Don't believe me. Just watch End Game by Alex Jones and see for yourself. If the globalists win, the future is really going to suck.........
Roswell aliens taking over the world Majestic 12 'Dark Skies' http://clipfish.com/player.php?videoid=NzU1Njg1fDEzOTIwNzc=
so you suggest to compare lets say Vatikan or Luxembourg with US ? Obviuosly, you dont know much about these countries. Besides, what Central or South American countries do you think are very close with US and would join US anytime ? Merging US with Canada, Mexico wont be easy with current US political way. With South America? Yeah...maybe in 50 years time.
Why don't you compare growth rates between the eurozone and united states now. What you'll see is American economically growing twice as fast as western Europe.
No I think we need at least 12-13 countries of that caliber to compare to the U.S. But anyway I have a feeling with the surge of Islamofacism in Europe they will soon be riding camels and wearing burqas anyway.
The EU consists of 27 countries, and it has a GDP of a little over $15 trillion in purchasing power parity. So how could 13 countries out of those 27 exceed $15 trillion? The error that the author of the article makes is that he directly translated the Eurozone's GDP (which was denoted in Euros, of course) into USD. You will learn this in an advanced econ class, but when comparing GDPs of different countries, you have to use the long-run equilibrium rate and not the market exchange rates. The US is a larger economy than the Eurozone, while the EU is the largest in the world.