
The economy of Europe is greatest of the world. Many of their
states belong to the first world. In century XIX the first modern integration of
the economy of several European states through the Customs Union of Germany is
realised. Germany is economically the most powerful nation of Europe, followed
by France, the United Kingdom, Italy and Spain although first in terms of rent
per capita it is, as much of Europe as of the world, Luxembourg. It exists a
great disparity in the economic wealth of the different European countries,
thus, while in the five main economies the GIP surpasses the 20,000 Euros by
person, Moldova as soon as it exceeds the 2.000. Good part of the economic
dynamics of the continent is framed within the operation of the European Union.
From 2009, sixteen European states share a same currency, the Euro (€). The new
reality of the world-wide economy, that has consolidated in the course of the
last decade, is in favor noticeable mainly of the disintegration of the Soviet
Union, the vertiginous growth of the People's Republic of China and the
materialization of the economic unit of good part of Europe. In the middle of
these changes new poles for the world-wide economy have arisen that have
impelled the call process of " Globalización". One of the particularitities of
the European economy is the fact that several states of little territorial
extension, without majors natural resources and owning coasts, count on
prosperous economies and a high standard of life. So it is the case of Andorra,
Luxembourg, Switzerland or Liechtenstein, as well as Monaco, although this last
one owns coasts on the Mediterranean.
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