The U.S. economy is now 30% larger than the EuropeanUnion’s; it was 17% larger in 2002. By one measure, per capita output in Europe is 34% less than in the U.S. Alas, Europe’s politicians and ...
The EuropeanUnion, facing a shrinking share of the global economy, needs to increase its spending by nearly $900 billion a year, according to a long-awaited report from Mario Draghi. By Jenny ...