With the current economic collapse of one European nation after another will the EU last? and what are the short and long term economic affects if it collapses?
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Thank you for clarifying the EU and the EZ for me. I agree that some EZ nations are not as competitive as others in the EZ, do you think this is stagnating economic recovery for those nations that are competitive?
The general state of an economy can be judged by the current account. And that is remarkably balanced for the Eurozone. The non Euro members Denmark, Sweden and Poland are trying hard to balance the UK deficits to keep the EU as a whole in shape.
I agree with you that collectively the EU has a lot of political clout and that would not change if the EZ collapsed. I cannot agree with you that individuality is bad for the European economy. I think that it would lead to a quicker recovery for tho