Is the European Union Worth It?

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Published 2024-03-31
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The EU, a unique economic giant, acts similarly to the US federal government, hinting at a "United States of Europe" with its shared currency, policies, and trade deals among 27 states. Despite its near-federal structure, it lacks some federation benefits, posing issues for its members. With a $20 trillion output, second only to the USA, it wields significant global influence. However, its major economies face stagnant growth, mirroring challenges for smaller members.

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All Comments (21)
  • @redstream1237
    Life is too short to understand complex reasoning behind everything. Just blame Belgium and move on
  • You forgot the biggest con- Without the endless European wars of continental hegemony, history youtube channels aren't going to have any content 200 years from now!
  • Thumbnail is ridiculous - Poland, Sweden, Czechia, Spain, Croatia have benefitted massively from the EU's cash injections. Arguably more than even France, which has been stagnating for the last 15 years, while Poland for example has been the fastest growing economy in the bloc.
  • @michielshub
    Odd, the most relevant Pro for the EU is not mentioned. Stability and countries not going to war with each other like they have done for centuries. If the price is mediocre economic growth i sign for that any day as Dutch citizen.
  • @flavius2884
    As a romanian, an EU citizen, the union has been the best thing that has happened to us.
  • @MauriceEscargot
    I work in manufacturing and the EU regulations are actually an advantage instead of a disadvantage. Having the same regulations in the entire EU means you don't have to modify your products to suit each individual nation's regulations. The diversity of languages is also mentioned as a disadvantage but I don't personally experience that at all. The most understood language within the EU is English and that is the language that is spoken when working internationally. Our company has offices and manufacturing plants in the USA, the Netherlands, Germany, France, India and many more nations and communication really isn't a big issue.
  • @Dave92Cz
    I'm puzzled by the fact that the difference between EU and Euro zone was not drawn in the video. Not all EU countries use Euro and have ECB as their central bank. They create their own monetary policy. That makes some conclusions fall short on reality.
  • @jdrab
    Seriously guys is it that hard to get the EU map right? It's wrong on numerous occasions and animations.
  • @caezar55
    Brits, Americans and Australians always forget this little point when they predict the demise of the euro....the people want it. Surveys show 80% + of people want to keep the currency, including in countries hit by crisis like Greece and Italy. Ultimately the euro is about both politics and economics - not just economics. If the people have faith and ascribe value to it, then it will "exist".
  • @samuxan
    I usually love the videos here but this oe mixes the concepts of EU and Eurozone too much to make sense, if it weren't for few sentences I would think they got the tittle wrong and were talking about just the common currency.
  • @sudazima
    VERY strange to say the companies now have to adhere to an extra set of regulations in the EU over how it used to be. its gotten SO MUCH easier, that was the entire point and it worked
  • @moyndebs6759
    I’m Nigerian & I wish the African Union or even ECOWAS was as effective as the E.U . The E.U doesn’t get enough credit IMO.
  • @lore00star
    Germany built their entire modern economy on the EU... yes they pay a lot of money but they got everything from it.
  • @antaryjczyk
    The answer is: Yes, absolutely. It brought prosperity and unity on a continent that up to that point was a global center for wars for over a millenia. Sure it's not perfect...but which organisation is? It brings prosperity and improvement to life not only in Europe but all over the world, since if anyone wants to sell products to EU they have to follow EU standards and since it's pointless to have separate production lines for local and EU markets, local populations of those countries also benefit from better quality products.
  • @falloutmule
    Did I miss the ending? The video kinda just trails off. "The Euro is a double edged sword" makes it sound equal.
  • The thumbnail suggested a breakdown for the winners and the losers. Would've been interesting.