Not sure how you do twitter links anymore, general gist in case the link thingy doesn't work:
In 1990 the EU of 12 states made up 26.5% of world GDP. Today its 27 states make up just 16.1%.
^Any thoughts on this record of decline, Chop?
Edit: The link worked like a dream, back in the game.

I haven't read the article but I'd suggest the emergent economies in the intervening time like China, India and Brazil etc. would be the likely and obvious explanation. I'd say the EU in that time has risen in GDP significantly, but the world GDP cake is considerably bigger so their overall percentage has fallen. So I'm not sure that figure has a whole lot of significance. Although to be fair, Germany is up against the wall right now, seems they are beginning the painful process the UK has ostensibly been through already, the transition to a post-industrial economic model.
For my money this is all going to come to a head in the not too distant future.
From an EU perspective we are starting to see the failure of centrism. Raising everyone up 'a bit', when those at the top are carving out an ever greater percentage of the pie actually makes those who aren't at the top poorer, because relatively speaking they have less.
If 99 people get £1000 per year more they might feel £1000 better off, but then notice they still don't have fuck all and are basically priced out of everything, especially housing, despite being 'wealthier'. Because if the remaining 1 out of that 100 has £1,000,000 more then that's why. The 99's collective wealth has increased by £99K, but the one at the top has a million more and he's going to fuck everyone else over with it.
What we're seeing in Germany now, which dunover refers to above, and especially with VW, will be very instructive and a sign of more to come.
From a UK perspective, and TBH I see it as all part of the same thing now, if Labour's first budget next month just tinkers around the edges, and/or hits anyone except those at the top in terms of more taxes and cuts, then they've fucked it IMO.
I just had one of my oldest friends staying with me for a long weekend (the guy out of Gambling Low Ebbs Part #1 whose student house I trashed). He came from the same poor background as me, but he's really made it, to such an extent that he retired when he was 48 years old, and will live comfortably for the rest of his life off what he earned/invested/pensioned during his working life of just 27 years.
We were talking politics over a few beers, putting the world to rights as you do, and pondering the fact that his path to success just doesn't exist now.
The excellent state provided education, from infant school through to college, that he had access to, smashed to pieces.
The free university education that he had access to, where he excelled. Gone. He wouldn't have even dared to go in the first place if he'd been staring down anything like the sort of debt young people now are facing.
The stable home environment he had, despite being a single parent home with two children in it. Still viable with a single wage, and enough to even (just about) pay the the mortgage on a small terraced house.
High quality healthcare, ready access to a GP, ready access to a dentist, always available throughout his younger years. All provided by the state, which is good, because neither his family or him could have remotely afforded to do any of it privately.
He was one of the last through the door at his company that had access to a final salary pension scheme, within three years of him starting there, they'd closed it to new applicants. With a combination of earning well, and canny investments, he's managed to time it so that he'll be OK until his final salary pension kicks in. (He keeps in touch with colleagues who weren't able to retire when he did, they report a very difficult working environment, with wages being squeezed and benefits slashed, whilst the executive class there make out like bandits and the company's headline profits keep growing.)
You get the idea, other things too, but they're the main points. I said to him 'The path you walked down, the doors you went through, they're gone now, no one else from the wrong side of the tracks in Radcliffe, with fuck all money to their name and a poor family, gets to do that ever again' - and he was just like, 'Yeah, I know, it's shit'.
This isn't just a UK or an EU problem, it's the USA, Australia, and all other well developed first world economies, the post war consensus that sought to give everyone the solid foundations to live a good life, and the opportunity to succeed if they were willing to put in the effort, are being stripped away.
Wealth inequality is what's going to fuck us all, as the planet boils away and the ultra-rich and their corporations seek to grow and grow to infinity, because endless growth, making the line go up and 'enhancing shareholder value' is the only game in town - and fuck everyone else.
You can't get infinite growth out of a finite resource. We only have one planet. The last man standing will be the richest, nastiest, most mercenary cunt ever to curse the human race, as he surveys his ultimate kingdom, a dying, pestilent planet, inhabited by the desperate, scrabbling poor, tearing each other's eyes out just to make it to the next day.