What is Digg?Warning: The Content in this Article May be Inaccurate
Readers have reported that this story contains information that may not be accurate.404 Comments
- fillourenco, on 03/17/2008, -3/+253what makes no sense to me is why hillary Clinton is the main picture. Which bush are we talking about here?
- johndi, on 03/17/2008, -89/+233The EU is a country when people want it to be and it isn't when they don't. When are France, Germany, Italy, and the United Kingdom going to give up their seats in the G7? A better Question when will the UK and France cede their seats on the U.N. security council to the EU? Last but not least why isn't it a member of the U.N.
Either admit the E.U. isn't a country, or demand that the 27 member states give up their seats at the U.N. You can't have it both ways. Yes I'm pissed that our economy is in the crapper, but let's have some intellectual honesty here. - InSeverance, on 03/17/2008, -5/+55Never let someone who knows ***** all about Economics write that kind of article.
He looks like a fricking fool.
True the EU is not a country, however it is an economic entity, thus MAY be considered as an economy given it's free economic borders. - tzisc, on 03/17/2008, -8/+56i don't understand what the issue is about being a politically sovereign entity but having an integrated economy? the point of the EU is just to establish free trade and a set of common economic standards between a set of politically/culturally diverse nations. the EU makes no claims to being its own country, but it does have its own economy.
http://en.wikipedia.org/wiki/Single_market - inactive, on 03/17/2008, -10/+50GOP = Privatized Profits, Socialized Risks
- InSeverance, on 03/17/2008, -18/+57Firstly the article is a load of *****.
It's a secondary source quoting CNBC with absolutely no detail into whats going on - the Huffington is one of the last things on the planet to have any decent knowledge of economic agenda.
The EU is an economic entity, at no point does the article mention 'countries' - you've pulled that term out of your ass within this context. Thus as it is an economic entity it's economy can be compared to that of the USA. - herculez, on 03/17/2008, -7/+38The EU is an economic union, making it the world's largest economy.
- DigitAl56K, on 03/17/2008, -17/+45"admit the E.U. isn't a country"
You're a dumbass, and so are the people who modded you up. Of course the E.U. is not a country. It's a union. It's right there in its title. What the heck does the european union have to do with the right of the member nations to have seats at the united nations?
Are you suggesting that every european nation should walk away from the U.N.? That would leave a U.N. that doesn't represent a huge chunk of the world. Based on this article, it would represent a U.N. that does not represent the worlds #1 economy. - mochaman, on 03/17/2008, -8/+33What we know is that the war in Iraq has destabilized energy prices and push oil over $110 per barrel, as a result inflation has skyrocketed putting extra pressure on the economy. Meanwhile, no one has been minding the store, the sub-prime meltdown is threatening the banking system and the real-state market. The fed has to keep interest rates lower to avoid credit crunch but this comes at the expense of currency devaluation. All of these negatives are contributing to the decline of the economy. The bottom line is that the last 7 years the Bush administration and the GOP congress are responsible for all of this boneheaded policies that have diminish our standing in the world and therefore our economy.
- insanebrain, on 03/17/2008, -33/+56The EU isn't a country. . fat ***** . .. it's a collective of 27 countries. You're just pissed that you choose a lousy ***** as president. Stop yakking to other people if they have it better than you have !!
- rrny, on 03/17/2008, -2/+23"well-funded pubic transport"
Pubic transport? Nice... - imgstacke, on 03/17/2008, -10/+31WORST PRESIDENT EVER!
- dadioflex, on 03/17/2008, -10/+27"THIS ARTICLE PROMOTES SOCIALISM AS IF IT WERE A GODSEND"
I think there's a healthy balance somewhere between the US and the EU systems. What I find hard to understand is why there is so much resistance to, eg socialized medical care but little active opposition to eg the military. Reign in the attempts to police the world and you could comfortably fund a health system.
Of course the US is still a very young country and still appears to be run exclusively for the benefit of the elite, much like barbarian Europe. - DigitAl56K, on 03/17/2008, -1/+18Except you don't, or the credit crisis and your trillions of national debt wouldn't be destroying your economy. You may believe you've earned what you own, but your government is writing checks it can't cash on your behalf every single day.
- Search153, on 03/17/2008, -12/+29You American morons and your NewSpeak vocabulary. You mean to tell me you're actually convinced that every polity that has provisions for the well-being of its people is socialist? The government builds your roads and interstates, are they socialist roads? No, and nor is a country socialist for having universal health care, day care, etc. If your country spent 10% of its military funding on its own people, maybe you wouldn't have such an erosion of the middle class, mortgage/credit crisis, and such a ***** that is American "patriotism"; the philosophy that America can do no wrong. Time to change your battle cry to "We're Number 2!!"
- thebellmaster1x, on 03/17/2008, -7/+23Where does it say that the EU is a country? And, besides that, what does it matter—the U.S. used to be ahead of the EU, and now it isn't, regardless of the EU's definition.
- sicamore, on 03/17/2008, -2/+17EU has been the major economy for some time now: http://en.wikipedia.org/wiki/List_of_countries_by_ ...
- Paddy1, on 03/17/2008, -0/+14Have you seen Digg lately? Hillary Clinton is the cause of all the worlds problems!
- spudnic, on 03/17/2008, -2/+16It isn't the EU which has taken the number one spot, it's the Euro zone, i.e. countries that use the Euro. So actually they do use a single currency.
If you included European countries that don't use the Euro USA would be even further behind. - tao52nyc, on 03/17/2008, -2/+15Why should I Digg you down? You are fundamentally correct. Before 1861 we described our nation with: "The United States ARE..."; after 1865, we said: "The United States IS...". The Federal government took power far exceeding its Constitutional limits. Before that we were free and and independent States, bound under a limited federal union to manage interstate commerce and international treaties. Take a lesson from our experience, and don't let it happen to you.
- waspbr, on 03/17/2008, -0/+13aren't you smart
- xtraa, on 03/17/2008, -1/+13I think the biggest problem of the United States is the fact that the US is a pure import country. So you don't make money by selling goods, except - ok, corn and rice, but no one want to eat this because it is mostly Monsanto contaminated.
Then most citizens are in dept what makes problem number two: If an import country lacks on people that have money to spent, you go bonkers.
It is not a problem that the USA couldn't fix, but your presidents activity was mainly to hunt some mullahs with turbans and save the billionaires some taxes. And that IS a problem and it has been caused by this ACTUAL administration. - MadAce, on 03/17/2008, -3/+15It's a unified market against which the US has to compete. Or at least attempt to.
- karolisonline, on 03/17/2008, -11/+22hello?? and USA is also union of 51 state (federal country, like russia or china). This is practically the same. The only diference is that EU members are more independent, because of historical background. but this independence is more cultural, not economical. Economically EU is the same unit as USA, it has it's laws, currency, parliament, no borders and so on and on...
- profr, on 03/17/2008, -2/+13Once again, how much do you get paid for this sensationalism? If one man is responsible for the whole economy, we're in big trouble. Time to re-elect a whole new crowd.
- kneelB4zod, on 03/17/2008, -3/+14The EU is not a nationality it's a economic community.
- Mihey, on 03/17/2008, -12/+22Ho hum... How many states are in the US?
The way I see it, US are some kind of American Union, only with different laws and whatsnot than European Union. In EU, 'states' have more autonomy than US states.
Digg me down for hurting the american pride if you want, I'm just stating the obvious out. US is just a bunch of states bundled together under the federal rule. EU is a bundle of countries under a more loose rule. - ayeroxor, on 03/17/2008, -0/+10If you edit your posts, Digg ***** your long links. You have to check your links after edits...
Seiously, Kevin ***** Rose, when will there be a fix? - third_eye, on 03/17/2008, -2/+12I couldn't agree more. Yet he will get off scott free after RUINING this economy.
- karolisonline, on 03/17/2008, -1/+11actually EU controls not only economic. it legislates laws of every type. it is practically same as federational country.
- mollerade, on 03/17/2008, -1/+11and the US isn't? please. Name a rich and powerful country which gave its wealth away to the poor rather than attempt to make more of it?
- execute85, on 03/17/2008, -1/+10The US federal laws supersede all state laws. This happens in many cases. The military is managed solely at the federal level.
Let me know when there's an EU army and the militaries of the UK, France, Germany, etc swear allegiance to Brussels.
There are no border checks between US states.
So there are quite a few differences between the US and the EU. The US is considered a sovereign nation by the UN, the EU member countries are considered sovereign nations by the UN. The EU is not considered a sovereign nation by the UN. - niczar, on 03/17/2008, -0/+9ESA isn't linked to the EU. Switzerland belongs to ESA, not to the EU; and many EU members are not part of ESA.
- Grummond, on 03/17/2008, -3/+12Actually, you're right. Some people here in Denmark in the 70's thought they could borrow money, use it to build schools/universities/better infrastructure for everyone, and then pay it off later. Turns out they were right. We did amass quite a sizeable debt, but that's paid off now, and our economy is one of the strongest economies in the world. And our workforce is highly skilled/educated, which has given us a headstart into the high tech industrial markets.
Boohoo, your right wing parents lied to you...or they're just dumbasses... - Myonosken, on 03/17/2008, -0/+9Riiight. Excessive workers rights and consumer protection are a staple of the European Union.
- mollerade, on 03/17/2008, -1/+10the link doesn't go to an article
- demonicume, on 03/17/2008, -2/+10yup, it was my tax cuts that did this. I also decided we should go to war. blame me. i did it.
- thebellmaster1x, on 03/17/2008, -3/+11The UN is not an economic entity. The EU is. Get over yourself, jackass.
- Leomarth, on 03/17/2008, -1/+9I looked at the article wanting numbers, but didn't find any. :(
- SeamusMcCloud, on 03/17/2008, -1/+9seriously... half the stuff on digg is anti hillary. It's starting to seem like foxnews
- MutatedNantuko, on 03/17/2008, -6/+14Changing the rules after we start losing? Get your head out of your ass.
- thebellmaster1x, on 03/17/2008, -2/+9Still, you're not making sense. Compare it to any arbitrary point earlier, and compare it now. If that point is now beating us, whether it's the EU or some random guy's assets, we have less net worth. This isn't any complicated jump in logic.
- sodoh, on 03/17/2008, -2/+9thanks for making it a bit clearer. Being/not being a country has nothing to do with it.
- biotch, on 03/17/2008, -2/+9"There is no way to feasibly fund a socialized health care plan; we're already taxed too much."
Actually the amount of money American's spend on health care would go down. RIght now 30% of the cost of American health care goes to profits to insurers. Take out the profits by nationalizing it and the cost of health care immediately drops 30%. Taxes might go up a bit, but it wont cost nearly as much as American's already pay for health care. - avasol, on 03/17/2008, -7/+14You're a tool. You obviously never spent time outside of the US or even your home state.
With insurances, union fees, prescription drugs, and yes taxes the average American pays MORE and gets LESS than the average European does. And we don't get crackheads running around with guns or prostitutes in every neighbourhood or starving homeless people like you do as an added bonus from this "human" effort.
Americans are barbarians locked up in a huge entertainment park but with no real freedoms, no real security net, and no real education or information to keep them sane. A war-mongering, degressive, brutal species of man that is quite likely to fall into the asscrack of history within another 100 years giving you a complete history of about 350 years from conception to ineptitude. In fact right outside my house there is a 350 year old barnhouse. Older than your capital.
Can't wait to see you guys shred yourself to pieces over your diminishing resources and your lack of empathy will be what drives you into the ground. - selmer, on 03/17/2008, -2/+9His point is that seats on the council are reserved for individual countries. If you combine the EU into one economy and compare it to the US, you are saying it is apples to apples to us, meaning it is a single country for comparative purposes. Therefore, it should be seated as a single country on UN councils, not as individuals, and the individual countries in the EU would lose their seats. It is a comparison issue, and he's not a dumbass....it is a fair point.
- niczar, on 03/17/2008, -1/+7Eurozone != EU
There aren't 500 million ppl in the Eurozone. - bjxrn, on 03/17/2008, -5/+11How do they messure biggest economy BTW? the EU now has something like 450 million people and the US has 300 million, so if we have about the same or alittle larger economy but have an additional 150 million people to support with that economy are we really bigger then?
Kind of like when China will overtake the US in 2020, they wont be richer because they have the same sized economy but five times the people to support. - sicamore, on 03/17/2008, -1/+7er - 50 States and one district. sheesh.
- DuffyDirect, on 03/17/2008, -1/+7this is a blog not a news article! if this was in a news paper it wouldn't even pass as an editorial, just a baseless letter to the editor, really.
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