Quote Originally Posted by Kitdy View Post
After investigating further, it seems as though that the European Union appears to have about the same GDP as the United States does. However, the EU is a loose group of associated countries while the US is one nation (I suppose it could be argued that each State in the US has significant power in it's own right however).
When I made my loose comment I was only looking at the exchange rate, which was introduced as the benchmark for "who is running the show"...I know that macro-economic realities are different.
But just imagine the price of our (European) oil imports/motorfuels, had the Euro stayed at the same low exchange rate.....