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Europe is not in such a bad state compared to the USTHERE are always those who stand up against fashionable opinion and it is as true in economics as any other field.Copy LinkCopiedShare via emailShare on XShare on WhatsAppShare on LinkedInApril 28, 20045:00 pm CETAccording to current economic thinking, the European Unions economy is in poor condition, especially if performance is measured against that of the United States. But, when y
stanley italy ou look at some of the facts, there seems to be no reason why this should not be so. Three of the largest economies in the EU 鈥?Germany, France and Italy 鈥?have recorded hardly any growth in the past two years. AdvertisementAdvertisementYet, in the same time, the US has picked itself out of recession and in 2003 grew by 4.3% of gross national product. Last year, the 12 countries that
stanley cup deutschland make up the eurozone could only record 0.6% growth. However, the apparent doom and gloom that surrounded much of last months European Council debate on Europes economic efforts is not necessary. So say some economists on this and the other side of the Atlantic.They argue that Europe has much that it can be positive about and the growth the US has experienced in the past two years is not so spectacular if one considers its ever-growing current accounts deficit. Will Hutton, the chairma
stanley becher n of the UK-based Work Foundation, argues that the EU is not in such a bad state as many present it. Speaking at a recent debate held by Brussels consultancy The Centre, he told his au
