Is The European Union Really Worth It?

#EU #recession #europe
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The European Union is a massive and pretty unique entity in the economic world; it's kind of like the federal government of the US, taking on the responsibility of policy-making.

The Union is a group of member states that use the same currency, agree on policies and trade deals, and have shared departments but still value their independence.

It also has a combined output of nearly $20 trillion, second only to the USA. Despite not being a sovereign entity, it isn't afraid to exert its economic power.

The EU, being a huge producer and consumer, wields a lot of power over countries within and outside its borders. This power poses a risk as it faces challenges both externally and internally.

Economic growth for the largest and smallest member economies has been largely stagnant.

So, is the EU actually good for the continent?

Contents of this video:
00:00 - Intro
01:03 - Why is TOUGH to bring independent states together
03:16 - Different interest rates in the EU
04:12 - How is EU & US supporting their poorer states
05:43 - How Inflation varies across parts of the world
06:52 - Why EU trade policy & energy restrictions make businesses difficult to operate
07:57 - Why EU is missing out on a big opportunity

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Видео Is The European Union Really Worth It? канала Money Minded World