Europe will reach the U.S. levels of per capita income unless we strangle our economy with more regulation and taxes.
Europe Needs 75 Years to Catch U.S.:
The Association of European Chambers of Commerce in Brussels warned that the transatlantic gap had widened yet further in the past five years by all key measures, despite the pledge by EU leaders at the 2000 Lisbon summit to transform Europe into the world's "most dynamic knowledge-based economy" by the end of the decade.
"It will take the EU until 2072 to reach US levels of income per capita, and then only if the EU income growth exceeds that of the US by 0.5pc," the study said.
Source: By Ideal Investment Corner http://idealinvestment.blogspot.com/
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