Canada and the European Union are turning commiseration and anxiety over their turbulent relationships with the United States under President Trump into a deepening bond.
On Monday, Prime Minister Mark Carney of Canada joined a summit of European leaders in Yerevan, the capital of Armenia, putting his country at the heart of some of Europe’s biggest priorities. He was the first non-European head of government to be invited to the gathering, known as the European Political Community summit.
Mr. Carney’s relentless pursuit of new, expanded alliances to lessen Canada’s dependence on the United States coming as Mr. Trump threatens to unravel decades of economic integration, has effectively led Canada to be welcomed as something of an honorary European Union member.
Article from the tweet above … This is swell! Canada and the EU can kick Mississippi’s but together! Well Sorta.
What Happens When Europeans Find Out How Poor They Are?
Do Europeans understand how poor they are? And what will happen when they find out? Those are the Continent’s big political-economy questions for the next few years—perhaps decades.
The widening gap between American and European prosperity is among the most important facts of the global economy. The clearest manifestation is the chasm in per capita gross domestic product: $94,400 in the U.S., according to the International Monetary Fund, compared with $65,300 in Germany, $61,000 in the U.K. and $52,000 in France.
While America’s prosperity advantage isn’t new, today’s scale is. From a fairly narrow edge throughout the 1980s, the gap widened a bit in the 1990s. Since 2007, however, European per capita incomes have more or less stagnated while the U.S. has enjoyed another growth spurt.
