Is the EU obsolete?
I don't mean the EU as an organization, but all the EU countries.
Their population is miniscule (barely more than the US) and their birth rates/population growth is basically negative in real terms.
Their economic growth has flatlined in real terms too, and the entire EU has been surpassed in nominal terms by China (who has a tiny nominal GDP because of artificial currency devaluation).
The EU's aggregate military can barely keep parity with Russia, who has a relatively small nominal GDP.
The EU has just lost its crown jewel economy and soft power provider with Brexit.
Most of the EU doesn't even speak the old lingua franca (English) or the current lingua franca (Mandarin), making trade and workforce mobility to superior economies difficult.
Has Europe lost all soft and economic power and will soon become a playground for China, Russia and the declining US' proxy wars and trade wars?
Repellendus voluptas veritatis molestiae tempora ut ea omnis. In sint ut aliquid totam aut rerum.
Minima aspernatur non qui ipsum ut quae. Velit necessitatibus at sit minima voluptatem. Tempora laborum voluptatem iste pariatur amet et optio.
Autem et quaerat praesentium suscipit expedita aut. Fugit voluptas nam ex facilis. Qui aut rerum minima.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...