19 July 2015

Why the Germans Shouldn't Run the EU

It turns out that the economy of North Korea grew faster than the EU's economy last year:
North Korea’s economy expanded by 1.0% to $29.85 billion (£19 billion) in 2014, according to Reuters citing analysis from South Korea’s central bank.

That's just better than the 0.9% growth recorded in the Eurozone last year.

The Bank of Korea (BoK) report that “the increase in economic activity was attributed mainly to growth in services and building while farming, mining and manufacturing saw slower growth.”

Growth in services, making up around 31.3% of total economic output, accelerated to 1.3%, up from 0.3% in 2013, with retail sales, food, and accommodation, logistics and communications all expanding from a year earlier.


North Korea does not release official economic data, hence the reliance on the BoK analysis to estimate economic output.
EU growth is pathetic.

What's more the EU's hegemon and chief predatory exporter, Germany, experienced a GDP growth roughly double that of the EU as a whole.

German policies with regard to the EU, and particularly with regard to the Euro zone, are about benefiting the nation at the expense of its neighbors.

German domination was a bad idea in 1935, and it's a bad idea in 2015.


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