How versed politically are you on the EU or are you talking simply from an economist's point of view?
Netherlands,Poland,Sweden,Austria,Denmark,Czech Republic,Romania,Slovakia,Luxembourg,Slovenia,Bulgaria,Latvia, Lithuania,Cyprus,Estonia,Malta.
None of those countries are 'broke' as you put it. How do we define being broke, I'm assuming meaning defaulted in all but name, that would be Ireland,Portugal and Greece, soon to be Italy and Spain if the markets are correct. That's 18%, not 90%. If you're talking about debt as a percentage of GDP, what percentage? Growth? Again, most states are in positive growth. Deficits? Not too many deficits outside of the pigs.
Growth? The United States is technically having positive GDP growth. It doesn't mean anything unless it is sustained growth without help of cheap government money. During the Great Depression, the US had several quarters of positive GDP growth.
Here's a simple question for you. If Austria, Poland, Estonia, et cetera are doing so fiscally well, why is the price of insuring their debt trending higher?
Whatever measure you're using, you're overestimating the problem whilst being ignorant of the E.U. and it's stability as an institution. The fact that you quote Nigel Fag-rage who is a moron and in fact a hog at the Eu troth makes you seem more like a Fox News fan than a educated man.
Nigel Farage is spot on, IMO. But I'm sure most folks in the EU hate his guts anyway, so I guess there isn't any point in discussing him as the ad hominem attacks will begin flowing again.
You're seeing what you want to see, without fully understanding the political side. Not everything revolves around macroeconomics.
It absolutely, positively,
does. I'm not going to go on and on about why macroeconomics is the most important facet of one's life, but without a proper economy, you are destined to failure. There isn't any point to an Economic Union unless it doesn't benefit you financially. What's so fucking hard to understand about that?
I don't know wether your newly apparent nationalist tendencies have made you into a 'USA no 1' looking to jump on any opportunity to espouse your doctrine but in this instance you're wide of the mark

int:
I guess you haven't read any of my posts regarding the US economy in oh, maybe about four years.
But if this is how we're going to roll, aren't you the same guy that told
me that Ireland was going to be fine a year and a half ago, or so? Yes, you were. You told me to respect your government's plan because I know nothing about it.
Sound Familiar?
You Europeans are exactly like Americans. You lot are so arrogant that even though you can see the mistakes, you still have so much enthusiasm for your union that you simply can't admit to fault. It's just like the Americans claiming we could never enter another Great Depression or lose our world reserve currency status, or what have you. The arrogance doesn't allow for corrections, which means the only result is failure.
You mean like the US? And apart from Greece which is doing really poorly, and perhaps Ireland, Spain and Portugal, other states seem to be doing quite OK. Germany, France, UK, Benelux countries, Sweden, Denmark...
French banks have too much exposure in the Euro debt crisis. As cash flow dries up due to further credit crunches as the sovereign debt crises continue, the French banks will feel the pain and their politicians will pass the pain down to the public, just like everywhere else. The battle will eventually arrive at their doorstep, too. Mark my words. The UK banks are just like US banks and are only keeping up the illusion of solvency by cheap money and funky accounting principles. Sweden? Sure, I'll give you Sweden... but they still have the relatively strong Krona, which further proves my point regarding the Euro currency. It's a failure.
Plus, the EU I would say has promoted economic and social progress, the economy is more than able to compete with the US, which was the main goal, and the quality of life in Europe is higher than in the US, so they've done quite well in both economic and social progress. Question is, where would these countries be without the EU? Probably in worse shape than they are.
The only reason Europe can compete with the US now is because we have collectively taken a bazooka to our productive capacity and unleashed an army of free lunch zombies who expect the government to solve all our economic problems. So I don't agree at all. And in fact, if you look at the statistics of some of your member states, economically they are in worse shape than they were prior to joining the EU in the first place.
BTW, an American being anti-EU? What a shock!
That has no bearing at all in anything. If I was anti-EU just because I'm an American, I'd say stay the course and start running an EU flag up the flagpole everyday, because you lot are doing well enough in destroying your future and providing support to a US dollar that is being debased by our own central bank. So yeah, keep it going then! EU4LIFE!
An American talking shit about the EU economies

He who lives in a glass house shouldn't throw stones...
So why don't you enlighten us on how wonderful the EU economies are then, since you seem to know quite a lot about it.