reply to post by diakrite
These stats, while they are interesting, they don't explain the figures.
The very southern EU states depend significantly on Tourism and therefore have been decimated by the major recession in the UK, Ireland and the drop
in tourists from France, Northern Italy, Germany etc.
The smaller Ex Eastern bloc states still depend on major West EU investment and therefore have also been decimated.
Britain and Ireland use the same model or risk investment as the US so therefore have been decimated by the bad investments that are rampant in the
markets..
Continental Capitalism - France, Germany, Scandinavia, Austria, BeNeLux etc is regulated Capitalism and the bubble was unable to take hold to the same
extent, they are also still pretty well industrialized and so the drop in the value of the EURO will help their economies.
You really need to split the EU into regions to understand the models..
The EU states models of so called "Socialism" is not what you in the US have been led to believe.. ie Communism. If the Central European model is so
bad, why is it one of the key forces in keeping the world afloat at the moment?