Wednesday, March 7- European Union

Wednesday, March 7

I would have never guessed it reading articles describing the ambitions of the European Union towards their economy. To my surprise, and possibly to the surprise of many others, Eurochambers, a business lobby located in the European Union, stated on March 5 that the United States "reached the current European Union rate of GDP per capita in 1985 and its levels in employment and research investment almost 30 years ago. The European originally had a goal of having the most competitive economy by 2010, competing primarily with the US. The Eurochambers, though, regrets to inform the European Union that the span between the economy of them and the US has grown, with the US advancing even further since 2003. Partially to blame is the adjustments between member countries that the Union is going through currently. New countries, who have yet to have time to adjust to the economy, and add to its success, have brought down numbers.
Once I read the reasons that this is true, I began to understand how this could occur. The European Union is so large, and they have so much to watch over and control, while the United States is a single country and it is easier for the government to control our economy. No one has been added or subtracted to influence our numbers dramatically. Perhaps, recalling an article about the Union's plan to improve schooling within the next few number of years, they will eventually catch up, so the US should consider them a potential threat, even if they are not threatening until fifty years from now.

http://euobserver.com/19/23628