What's the Spanish for 'Il sorpasso'?
That phrase was popular in Italy a while back when its economy was moving forward in leaps and bounds and overtaking us (I think), although I seem to recall that the figures included an estimation of the size of the Italian black economy.
Meanwhile, 800 miles or so across the Mediterranean, the Spanish are claiming to have overtaken Canada as the world's seventh largest economy, with Bank of Spain governor Miguel Fernández Ordóñez really quite chuffed about it. A bit of rooting around suggests that he is correct, although one might add that there are the thick end of 12m more Spaniards than Canadians, and apparently Spain is running the world's second biggest current account deficit.
Might it be G9 sometime soon?
Meanwhile, 800 miles or so across the Mediterranean, the Spanish are claiming to have overtaken Canada as the world's seventh largest economy, with Bank of Spain governor Miguel Fernández Ordóñez really quite chuffed about it. A bit of rooting around suggests that he is correct, although one might add that there are the thick end of 12m more Spaniards than Canadians, and apparently Spain is running the world's second biggest current account deficit.
Might it be G9 sometime soon?
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on Thursday, February 01, 2007 at 1:24 pm.
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or G3 - USA, China, India
Yes. That is how things will develop. (Let us hope that the Anglosphere manages to stick together and forms an ever closer alliance with the United States. Personally, I would like to see us apply to join. That would be around another four states - Britain, Oz, New Zealand, Singapore. (I don't know what Canada's position would be. Unless each province joined separately ...) We could keep our royal family. They let Hawaii keep its royal family. Not exactly one of the great royal families of the world, but it set an all-important precedent.
This is the new world order, not the clapped out, Sovietesque EU reeking of the 1960s.
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