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“The eurozone economy grew about 6% over the past 15 years, measured in dollars, compared with 82% for the U.S., according to International Monetary Fund data. That has left the average EU country poorer per head than every US state except Idaho and Mississippi, according to a report this month by the European Centre for International Political Economy, a Brussels-based independent think tank. If the current trend continues, by 2035 the gap between economic output per capita in the US and EU will be as large as that between Japan and Ecuador today, the report said.”
“The eurozone economy grew about 6% over the past 15 years, measured in dollars, compared with 82% for the U.S., according to International Monetary Fund data. That has left the average EU country poorer per head than every US state except Idaho and Mississippi, according to a report this month by the European Centre for International Political Economy, a Brussels-based independent think tank. If the current trend continues, by 2035 the gap between economic output per capita in the US and EU will be as large as that between Japan and Ecuador today, the report said.”
https://newsletter.doomberg.com/p/judgement-day
Ah but the standard of living in the US has been declining in the recent decade compared to the Western Europen countries
mell says
Ah but the standard of living in the US has been declining in the recent decade compared to the Western Europen countries
Not really. Energy prices are through the roof over there. And Germany is becoming a Rust Belt.
know Europe pretty well and would argue that if you have kids your standard of living is better in Germany atm on average
All EU Loans to Ukraine have both US guarantees and are backed by Ukrainian assets.
So an entity richer than the USA is having the USA guarantee loans for a war in their region.
The most recent $50B loan is guaranteed by Pukin's $300B stuck in the West, not the USA.
RWSGFY says
The most recent $50B loan is guaranteed by Pukin's $300B stuck in the West, not the USA.
And the Iraq War was going to be paid with Iraqi oil.
The rules target 55% CO2 emission reductions for new cars and 50% for new vans from 2030 to 2034 compared to 2021 levels, as well as 100% CO2 emission reductions for both new cars and vans from 2035.
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