Thursday, October 3, 2019

EU Problems


The EU could unravel for many reasons. Voters in several EU member countries want out, but their Parliaments are still resisting EU Exit initiatives.  All eyes are on the UK, where voters in 2016 voted to leave the EU and the deadline is 10/31/19. The EU might have succeeded in becoming the US of Europe if they had rejected socialism, embraced capitalism and adopted the US Constitution as their governing document.

EU member country voters have seen their national sovereignty disappear and freedoms lost. They paid a heavy price signing up to UN Agenda 21. The global warming hoax prompted them to invest billions on wind, solar and public transit that doubled their electric bills. The Refugee scam resulted in adding millions of welfare migrants refusing to assimilate and committing horrific crimes. Taxes are high and EU economic growth and opportunity are down. Many voters in the EU are becoming anti-EU.

EU Countries by Nominal GDP

EU member country nominal GDP is flat at 1% growth. EU countries by nominal GDP are listed below.

Germany $4.029 trillion
UK $2.809 trillion
France $2.795 trillion
Italy $2.087 trillion
Spain $1.437 trillion
Netherlands $909.887 billion
Sweden $554.659 billion
Poland $549,478 billion
Belgium $536.055 billion
Austria $459,401 billion
Ireland $366.448 billion
Denmark $354.683 billion
Finland $276.553 billion
Czech Rep. $244.540 billion
Romania $239.440 billion
Portugal $237.962
Greece $218.057 billion
Hungary $156.393 billion
Slovakia $106.940 billion
Luxembourg $68.993 billion
Bulgaria $63.651 billion
Croatia $59.971 billion
Slovenia $54.969 billion
Lithuania 52.468 billion
Latvia $34.286 billion
Estonia $29.537 billion
Malta $14.873 billion

Non-EU Countries GDP

Those countries who did not join the EU are performing better on their own with nominal GDP as listed below.

Switzerland $709.118 billion
Norway $441.439 billion
Ukraine $126.390 billion
Belarus $56.934 billion
Serbia $47.654 billion
Iceland $26.674 billion
Bosnia $19.984 billion
Albania $15.121 billion
Macedonia $12.374 billion
Moldova $11.436 billion
Montenegro $5.389 billion
San Marino $1.769 billion

EU Member Per Capita GDP

EU nominal per capita GDP by member country is lower than it would have been and citizens are feeling the effects of socialism and high taxes.

Luxembourg $129,710
Ireland $84,426
Denmark $66,907
Sweden $62,548
Netherlands $58,062
Austria $57,441
Finland $54,687
Germany $53,577
Belgium $50,824
France $46,732
United Kingdom $45,141
Italy $38,190
Malta $37,037
Spain $34,105
Slovenia $29,926
Czech Republic $26,053
Estonia $25,515
Portugal $25,389
Cyprus $21,995
Greece $21,199
Latvia $20,209
Lithuania $20,323
Slovakia $21,991
Hungary $17,900
Poland $17,092
Croatia $15,412
Romania $13,615
Bulgaria $9,800

Non-EU Countries by Per Capita GDP

Wealthy non-EU countries are doing well. Poor non-EU countries need to build their economies, but are affected by the low growth of their EU member country neighbors.
 
Switzerland $90,532
Iceland $92,922
Norway $85,204
San Marino $55,339
Montenegro $9,314
Macedonia $6,663
Belarus $6,521
Bosnia $6,140
Serbia $5,874
Albania $5,425
Ukraine $2,893
Moldova $2,457


Norb Leahy, Dunwoody GA Tea Party Leader

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