Valin Posted May 10, 2012 Share Posted May 10, 2012 Hoover Institution: Josef Joffe 5/10/12 Forget for a moment François Hollande, who sent Nicolas Sarkozy packing on Sunday. Set aside, too, the triumph of the radical left and the neo-Nazis in Greece who together captured one-third of the vote. Look instead at Europe's real mess: the sickly state of the EU-15, the core of the Union, most of which today uses the euro: Austria, Belgium, Denmark, Finland, France, Germany, Greece, Ireland, Italy, the Netherlands, Luxembourg, Portugal, Spain, Sweden and the United Kingdom. (Snip) Europe has been falling back for decades, and this is the source of all its trouble. Yesterday's economic wonderland, with its ever growing list of benefits and privileges, is losing it. While the U.S. share of global GDP has held steady at around 26% for two generations, the EU-15's share has dropped to 26% from almost 35% in 1970. (Snip) Link to comment Share on other sites More sharing options...
Evad Posted May 10, 2012 Share Posted May 10, 2012 Reminds me of the ant and the grasshopper.....except we are becoming the grasshopper. Are there any ants left? Link to comment Share on other sites More sharing options...
Valin Posted May 10, 2012 Author Share Posted May 10, 2012 Reminds me of the ant and the grasshopper.....except we are becoming the grasshopper. Are there any ants left? We can only Hope A. Romney wins, B. He can do something about this. Link to comment Share on other sites More sharing options...
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