Tuesday, March 18, 2008
Perhaps the Amero is coming
The European Union has overtaken the U.S. as the world's No. 1 economy due to the continued dramatic fall of the dollar, according to a Reuters report. The U.S. Gross Domestic Product, or GDP, for 2007 is officially estimated at $13,843,800 billion. The 2007 GDP for the 15 EU countries is estimated at 8,847,889 billion euros, the report said. That means when the euro yesterday topped $1.56, the EU officially became the largest economy in the world.