You do realize that you are referring to the EU European Union. UK Sweden and a few others, are not of the EU.<quoted text>"Where in as" where did you find this garbage? UGANDA? Where to begin? The European Union is and has been close to collapse. "DESPITE greatly improved financial conditions over the past nine months following the pledge by Mario Draghi, head of the European Central Bank, to do “whatever it takes” to save the single currency, the euro area remains mired in recession. Output declined by 0.2% in the first three months of 2013 from its level late last year, the sixth consecutive quarter of a recession that started in late 2011. GDP rose by just 0.1% in Germany, the biggest economy in the euro area and declined by 0.2% in France, the second biggest. Falls in southern Europe were much bigger, with GDP declining by 0.5% in Italy and Spain and 1.3% in Cyprus.
Forecasts from the European Commission in early May showed annual euro-zone GDP shrinking by 0.4% in 2013, following a contraction of 0.6% in 2012. The economic reverse will be much deeper on the periphery of the single-currency club than in its core. Cyprus will take over from Greece as the worst performer this year as its GDP shrinks by 8.7%(a prediction that could well prove optimistic). The Baltic states will continue to shine. The economy tipped to prosper the most within the 17-country euro area is Estonia’s, whose GDP will rise by 3% in 2013. Within the 27-nation European Union (EU), Latvia which is expected to join the euro next January will be the star performer, with its GDP increasing by 3.8%.
The disparity between core and periphery is particularly stark in labour markets. Unemployment in Germany was just 5.4% of the workforce in March 2013, whereas in Greece and Spain it was around 27%. The gap is even bigger for young people. In Germany the youth jobless rate was 7.6% in March whereas it was 56% in Spain and reached 64% in Greece in February. These figures overstate the blight of youth unemployment because many young people are in full-time education and so do not count as part of the labour force (the denominator of the unemployment rate). But they highlight the disjuncture between northern and southern Europe." Stop reading stats from the 1920's. Quiet chirps from a cricket.
On the EU now that you brought that up. France, original founder of the EU, with the Netherlands are in dissolution to the Belgium EU “Austerity” policies.
They now favor a more equitable distribution of wealth as their road out of failure. They even went so far as to say not like the American right wing austerity, should they emulate.
Remember apples to apples?