[lbo-talk] Europe versus America (Was NYT hires a new hack)

Doug Henwood dhenwood at panix.com
Tue Jan 1 15:02:20 PST 2008


On Jan 1, 2008, at 5:10 PM, dredmond at efn.org wrote:


> Eurostat Yearbook 2006, Table 6.2, page 153, GDP for 2005 at market
> exchange rates:
>
> EU-27 10.82 trillion EUR
> US 10.04 trillion EUR

Dennis, the 27 are not one country. They're enormously different places that don't all even use the same currency. They don't have a coherent state, a common foreign policy, a common language, or anything really other than a legal convention with limited popular legitimacy. You're just playing numbers games.

Doug



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