Will the EU become the new world power?

[Imperator Romani]

For one the EU has more readily available oil resources, which is black gold these days. The EU is richer than the United States, has more people, and rivals it's military (may be bigger now I don't really know). The euro has overtaken the dollar and appears to be in position to stay that way. So is the EU to become the world's new power or have they already held that spot, or are they not quite there yet? Or is this title held/to be held in the near future by another country such as China or Russia?

[Sphere]

Why isn't Best Korea on the list?

[Inconsistent]

Who the hell voted Russia?

[Caelius]

Are you serious...or just trolling? I can't tell.

Either way...no.

[Mr. Scott]

For one the EU has more readily available oil resources, which is black gold these days.

Ahem*
http://en.wikipedia.org/wiki/Oil_shale_reserves

The EU is richer than the United States

http://en.wikipedia.org/wiki/Eurozone
Eurozone (those who use the Euro, the real EU basically) - 12.15 trillion $
USA - 14.6 trillion $
14.6 > 12.15

EU per capita - about 30,000 USD
USA per capita - about 47,000 USD

rivals it's military (may be bigger now I don't really know).

Number of US carriers - 11
Number of Carriers in the EU nations - 6

Size of US carrier is about twice the size of a European. A US amphibious assault ship is about the same size and firepower of a typical European aircraft carrier and the US has six of them.

http://en.wikipedia.org/wiki/Militar...European_Union
Total budget of all nations military in the EU - 257.14 billion USD
Total budget of the US military - 683.7 billion USD

Not to mention that in no way does the EU have a cohesive military force. And not to mention that NATO, already serves military purposes for Europe.

The euro has overtaken the dollar and appears to be in position to stay that way.

http://online.wsj.com/article/SB1000...181013248.html

Many investors fear that the Euro may not even be around in ten years.

The only nations/organizations that could possibly become/remain world powers in the future are China and the US.



Now don't you see what you've done! You've unleashed my Nationalistic alter-ego!!!!

[DannyTh3Man]

+ Rep for Mr Scott

[Imperator Romani]

Ahem*
http://en.wikipedia.org/wiki/Oil_shale_reserves

Oil shale does not equal readily available oil.

http://en.wikipedia.org/wiki/Eurozone
Eurozone (those who use the Euro, the real EU basically) - 12.15 trillion $
USA - 14.6 trillion $
14.6 > 12.15

EU per capita - about 30,000 USD
USA per capita - about 47,000 USD

Hmmm...seems you left out at least 10 members of the EU...including Britain

Number of US carriers - 11
Number of Carriers in the EU nations - 6

Size of US carrier is about twice the size of a European. A US amphibious assault ship is about the same size and firepower of a typical European aircraft carrier and the US has six of them.

http://en.wikipedia.org/wiki/Militar...European_Union
Total budget of all nations military in the EU - 257.14 billion USD
Total budget of the US military - 683.7 billion USD

Not to mention that in no way does the EU have a cohesive military force. And not to mention that NATO, already serves military purposes for Europe.


http://online.wsj.com/article/SB1000...181013248.html

Many investors fear that the Euro may not even be around in ten years.

The only nations/organizations that could possibly become/remain world powers in the future are China and the US.

Aircraft carriers do not equal military power. Yes they do give a rough estimate, but there are MANY more factors that go into calculating military might. One can not just point out the number of carriers and be like "win." I think the EU could compete with the US militarily speaking.

Why would the euro not be around in ten years? I'm afraid that as long as the EU is around the euro will be it's currency.

[General Brittanicus]

Aircraft carriers do not equal military power. Yes they do give a rough estimate, but there are MANY more factors that go into calculating military might. One can not just point out the number of carriers and be like "win." I think the EU could compete with the US militarily speaking.

Why would the euro not be around in ten years? I'm afraid that as long as the EU is around the euro will be it's currency.

I'm not even from the US, but i can tell you now there is no way in hell that the EU would be able to compete militarily with them - they are vastly superior in that area especially since we in the EU would basically be relying on just France and the UK.

And as for the Euro it isn't guaranteed to be around in 10 years time - if Germany, etc can protect themselves against the day when Greece defaults and the others can sort out there economic problems then yes it probably will be around.

[Mr. Scott]

Oil shale does not equal readily available oil.



Hmmm...seems you left out at least 10 members of the EU...including Britain



Aircraft carriers do not equal military power. Yes they do give a rough estimate, but there are MANY more factors that go into calculating military might. One can not just point out the number of carriers and be like "win." I think the EU could compete with the US militarily speaking.

Why would the euro not be around in ten years? I'm afraid that as long as the EU is around the euro will be it's currency.

With high gas prices and major developments in fracking technology, shale oil is becoming more and more usable every day. Its the reason why North Dakota is seeing almost double digit growth.

Not to mention that the revised non-shale oil reserves + natural gas and etc. of the US are now estimated (high estimates) to be around 240 or so billion barrels of oil. Let's just say Saudi Arabia, with the largest standard oil reserves in the world, has 263 billion barrels.

UK does not use the Euro. If you're going to include that into your figure for the EU, than the US gets to include Canada. In which case, the US + Canada > EU economy. If you want to take this a step further, why not add all the nations that the US has free trade agreements with: http://www.ustr.gov/trade-agreements...ade-agreements
Add South Korea to that list this March.

This puts the US economic free trade block at probably around 20 or so trillion USD. But that's unfair of course, because the economies of Latin America after all, are very different from the American or Canadian one.

And the Euro is fading fast. There's a reason commodities are booming right now and why the US stock market is surging. Investors are getting out of Europe. But because of the constantly devaluating dollar and the constant looming threat of another session of QE, many investors have flocked to commodities. Its the reason why gold is so high and why oil is so high. However, investors continuously buy US dollars because even they are basically getting screwed over by the Feds, its still the best currency out there. Investors are trying to get out of Europe, not in. The EU is in many ways in an existential crisis. It has a choice: Either retract on its ridiculous expansion during the 2000's in which it took in many economies that varied differently from the Blue Banana nations, keep the current size of the EU but severely weaken its overall economic health and additionally make Germany basically supreme leader, or, disintegrate entirely and try again.

In many ways the problems with the EU is that they tried to combine many economies that were very different. By having their uniform currency they basically screwed over the less developed states that had relied on currency devaluation, and therein manufacturing, in order to boost their economy. When they unified under a single currency those policies were put to an abrupt end and then you had German manufacturing completely steamroll over these other nations manufacturing, creating a massive imbalance in the regional economies. Combining the currency of under-developed economies with highly-developed economies basically gave the developed economies a massive competitive advantage. It's one major reason why these nations both publicly and privately accumulated such vast amounts of debt.

Its a well known fact that the EU military is not comparable to the US. In all fairness, no nation really is. I shouldn't have to argue on that one. Anyway, there's no point in arguing military power seeing how they're both so immensely intertwined.

I'm from the EU and I say there's nothing wrong with being proud about your country. That's patriotism not nationalism.
And yes, I agree with all points you made.

True, but sometimes I do fear that I border on that of nationalism

It's a problem with my arguments and view points that I must continuously work on

[alhoon]

Now don't you see what you've done! You've unleashed my Nationalistic alter-ego!!!!

I'm from the EU and I say there's nothing wrong with being proud about your country. That's patriotism not nationalism.
And yes, I agree with all points you made.

[removeduser_4536284751384]

Obviously the future is a multipolar world. However is the question is will the EU become a world power rather than the world power, then yes, it probably will.

The only nations/organizations that could possibly become/remain world powers in the future are China and the US.

You've forgotten Russia, India and the EU. Assuming Russia and the EU don't merge at some point in the future, which I think is probable.

Many investors fear that the Euro may not even be around in ten years.

China doesn't. I don't think any economic problems are a threat to a currency rooted in irrational emotion.

Now don't you see what you've done! You've unleashed my Nationalistic alter-ego!!!!

To be honest I think you're denying reality because you have a strong emotional investment in the idea of America as world superpower.

However it seems countries like the UK have only been having problems with the EU lately.

That must be why they basically run its foreign policy.

[Bellus88]

Ahem*
http://en.wikipedia.org/wiki/Oil_shale_reserves


http://en.wikipedia.org/wiki/Eurozone
Eurozone (those who use the Euro, the real EU basically) - 12.15 trillion $
USA - 14.6 trillion $
14.6 > 12.15

EU per capita - about 30,000 USD
USA per capita - about 47,000 USD

Number of US carriers - 11
Number of Carriers in the EU nations - 6

Size of US carrier is about twice the size of a European. A US amphibious assault ship is about the same size and firepower of a typical European aircraft carrier and the US has six of them.

http://en.wikipedia.org/wiki/Militar...European_Union
Total budget of all nations military in the EU - 257.14 billion USD
Total budget of the US military - 683.7 billion USD

Not to mention that in no way does the EU have a cohesive military force. And not to mention that NATO, already serves military purposes for Europe.


http://online.wsj.com/article/SB1000...181013248.html

Many investors fear that the Euro may not even be around in ten years.

The only nations/organizations that could possibly become/remain world powers in the future are China and the US.



Now don't you see what you've done! You've unleashed my Nationalistic alter-ego!!!!

I avoid all political squabbling but your country is going towards being a police state and corruption is everywhere. The Federal Reserve has never had an audit, Venetian Black Nobility is rumored to run it. (Black as in Hidden). Most of you will make jokes if anyone gets into the conspiracy theory side of things so Im not gong to bother with semantics, let the stupid jokes begin if anyone wants to have fun.

[Primo]

America has just too high debts. 1 Billion they owe to china alone.

[Exarch]

the EU as a polity will only become a viable superpower if they rally around the central european power-these days, it's Deutschland (sorry, Frankreich).

the alternative for europe is either remaining the disputed lands between Russia and the US, or absorption into Putin's Eurasian Union, or further subservience to Washington via NATO expansion.

[Condottiere 40K]

China - but saying so is like reaching for low hanging fruit. Is it a given? No, since there are many a misstep between the cup and the lip. But it's a very good bet.

[Poach]

If the European Union forms into a single state with a single central government and a single armed forces, and adopts the Franco-British approach to defence (as in, within the EU, not something unique worldwide to France and Britain) by retaining a global reach then it would be nominally richer and of similar military might, on paper. You'd need to factor in that many EU militaries aren't as professional as the likes of the US military.

[boofhead]

If Italy is the boot the guts seem to be falling out Europe lately. Greece. Spain.

Equatorial latitudes God bless ya!

[Claudius Gothicus]

The EU has a lot of internal problems and still has trouble to project it's military power outside of a ''NATO''(basically the US) backed push.

All in all I think that we are closer to see a restructuration and decentralization of the EU that will probably work to prevent it from starting to project military power.

The Big players of the coming century will be the USA and China. With a lot of regional powers as well, like Brazil.

[Vanoi]

the EU is just way too divided right now and i don't see it becoming a world power anytime soon until they can get over each other's differences.

[Condottiere 40K]

If large scale conflict is no longer a viable option, Europeans are certainly applying austerity measures to the right Ministry.