Because of the United States, the Europeans have changed their political/economic structure trying to mimic the United States' Federal system. Despite this, Europe still can't match American productivity and Economic growth rate. Even with the worst stock market in generations, the United States' economy still outpaces the Europeans (not to mention, American success militarily in places, the Europeans probably thought - America would surely fail, the Balkans and Afghanistan). I'd say, there's a whole lot of envy.
"The European Union economy is slipping further behind the US each year because of red tape, low levels of investment and the failure to deliver on the free-market reforms agreed in Lisbon three years ago.
In its annual Spring Report, Brussels said productivity had declined from 86pc to 83pc of the US level since 1999,...
The northern ring of Finland, Sweden, Denmark and Holland are pulling ahead on almost every score after taking tough decisions on reform. But Italy, France, Germany seem incapable of overcoming political paralysis..."
telegraph.co.uk |
