|The World According to Nick|
|My take on Software, Technology, Politics, and anything else I feel like talking about.|
Monday, April 18, 2005
Hat tip to VodkaPundit for this interesting article in the NY Times which compares the various economies of the European Union with our 50 states. More importantly it talks about the buying power of people in those states. I was quite shocked by the numbers:
I found this article to be especially good since I've recently finished The United States Of Europe: The New Superpower and the End of American Supremacy which paints a much rosier picture of the European economy. I blogged about the book after I finished it here and here.
Couple this with the news coming out of France that the "No vote" on the European constitution is picking up a lot of steam... and things are likely to turn very interesting in our neighbor across the Atlantic. Of course one can't help but be reminded of the old Chinese curse... "May you live in interesting times."
Some have speculated that if France votes No... which would kill the Constitution (as would any other single No vote), that the Euro could very likely collapse. While this would surely be a huge blow to the European economy (and quite unfortunate)... what would the effects be here? Granted it would likely bolster the dollar again... but since many European companies have a large stake, and control in the U.S. companies... don't think that Europe's problems would be isolated there.
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Home: Wauwatosa, WI, United States
I'm a Software Consultant in the Milwaukee area. Among various geeky pursuits, I'm also an amateur triathlete, and enjoy rock climbing. I also like to think I'm a political pundit.
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