The economy of the European Union generates a GDP of over €12.629 trillion (US$17.578 trillion in 2011) according to the International Monetary Fund (IMF), making it the largest economy in the world. The European Union (EU) economy consists of a Internal Market and the EU is represented as a unified entity in the World Trade Organization (WTO).
Read more about Economy Of The European Union: Currency, Budget, Economic Variation, Economies of Member States, Economic Growth, Energy Resources, Trade, Unemployment, Industries, Companies, Gini Index, Regional Variation
Famous quotes containing the words economy of, economy, european and/or union:
“Quidquid luce fuit tenebris agit: but also the other way around. What we experience in dreams, so long as we experience it frequently, is in the end just as much a part of the total economy of our soul as anything we “really” experience: because of it we are richer or poorer, are sensitive to one need more or less, and are eventually guided a little by our dream-habits in broad daylight and even in the most cheerful moments occupying our waking spirit.”
—Friedrich Nietzsche (1844–1900)
“War. Fighting. Men ... every man in the whole realm is in the army.... Every man in uniform ... An economy entirely geared to war ... but there is not much war ... hardly any fighting ... yet every man a soldier from birth till death ... Men ... all men for fighting ... but no war, no wars to fight ... what is it, what does it mean?””
—Doris Lessing (b. 1919)
“I should think the American admiration of five-minute tourists has done more to kill the sacredness of old European beauty and aspiration than multitudes of bombs would have done.”
—D.H. (David Herbert)
“The sacred obligation to the Union soldiers must not—will not be forgotten nor neglected.... But those who fought against the Nation cannot and do not look to it for relief.... Confederate soldiers and their descendants are to share with us and our descendants the destiny of America. Whatever, therefore, we their fellow citizens can do to remove burdens from their shoulders and to brighten their lives is surely in the pathway of humanity and patriotism.”
—Rutherford Birchard Hayes (1822–1893)