4 ms·
It's a bit dubious to say "Europe is the largest economy in the world", because it's not really a single economy, more a collection of economies of varying size
by pwaring 15y ago
It's a bit dubious to say "Europe is the largest economy in the world", because it's not really a single economy, more a collection of economies of varying sizes, with different currencies, laws and banking systems.
You also have to be careful of what you mean by 'Europe', because there's the European Union, the European Economic Area, Europe the continent, Europe as used in the UK (which often means 'all those other foreign countries but not us' :) etc.
- alwillis 15y agoThe GDP of the European Union is about 16 trillion dollars; the United States is about $14 trillion: http://en.wikipedia.org/wiki/G-20_major_economies http://en.wikipedia.org/wiki/G-20_major_economies. What's a couple of trillion bucks between friends? ;-)
- nestlequ1k 15y agoWho cares? Canada and Mexico account for a trillion each as well. The point is, European Union is not one country.
- Angostura 15y agoIndeed. The post's third paragraph explains very nicely why it cannot be considered a single economy.