Quote:
Originally Posted by Alan Fry
We need a United States of Europe or Britain (and Europe) will fade into obscurity!
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It's a tad late for that, and no idea what you think it would achieve but if you think it would arrest the terminal decline in % of world GDP you're wrong. The EU accelerated the decline, it's not rocket science what more integration will do.
When you mix something, such as a rich nation like UK or Germany, with a poorer one such as Greece or Romania, you don't suddenly get more wealth than either had before, you get the mid point as one funds the other.
You can already see this effect here in the UK from waves of immigration. Removing the fluff of unprecented public and private debt from the equation our real GDP growth per capita has been negative, immigration en masse hasn't made the UK richer, why would blending 27 economies have a different effect?