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The Club of Competitors; EU members turn on one another, all for the better.(European Union)
Byline: Stefan Theil (Theil, NEWSWEEK's Berlin bureau chief, is currently a fellow at the German Marshall Fund in Washington.)
If the reports are on target, Europe will grow faster than America in 2007--for the first time in six years. European Union countries created 2 million new jobs last year, cutting unemployment to its lowest since 1991. Better, growth is no longer confined to outliers like Britain, Spain or the Baltic mini-states. Europe's resurgence is driven by the behemoth at the continent's heart, Germany. After 15 years of malaise, the EU's traditional locomotive grew at almost 3 percent in 2006, roaring past such laggards as France and Italy. Years ...
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