Sunday, February 21, 2010

UK Jobless Rate Would Be Almost Double in Euro

This article is about the positives for the United Kingdom that have come from not joining the European Union. Their unemployment rate is only 7.8%, which is lower than that of the US and European Union. Since the EU keeps interest rates low, countries in the union over borrowed and got themselves into a hole.

The interesting thing about this is how the countries in the European Union all work with the same central economic rates and laws, but all have different strengths and weaknesses in their own economies. The UK may have come out stronger by not joining, but some of the other countries may have done worse by not joining.

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