During the cold war era, the supremacy largely depended on the military strength and arms race and the technology that dominated the military intelligence. Very rightfully the European Union’ s army projects itself as peacekeepers rather than war-makers. From January 1, 2002, the success of the European Union was more than confirmed when banks and ATMs across the continent started distributing the new currency designed. As explained in the book United States of Europe, any country to qualify for Euro membership, budget deficit cannot exceed 3% of its GDP. With a stringent condition, the country doubles its efforts to qualify and sustain.
This further helps the Euro to strengthen its position. The might of the Euro is compelling and has a direct effect on the American dollar. Reid also quotes examples to prove that American business circles have been underestimating the new powerful union. Forex: Airbus Industries have a better understanding and of the needs of tomorrow’ s airlines and adapting superior business plans. Even the European Space Agency has outdone the American space research agency with its research and advancements.
The ESA promises to be a dominant force in space exploration. The startling point about the European Union is that it is not only a grand economic success but also a social success. In the unified Europe life expectancy is higher, lower infant mortality rate, lower rates of heart diseases and cancer and health insurance that covers every person. Even when the poverty rates are compared, the Europeans are far more settled having fewer people below the margin than those in America. The psychology of an average American is individualistic claiming his position above the government and policies made by the government.
This is perceived as a problem in the United States. The most unifying mindset of an average European is the shared sense of the government’ s social responsibility to everyone and the recognition of individual responsibility to pay for the social model.
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