answersLogoWhite

0

How does Europe help the US economy?

Updated: 12/7/2022
User Avatar

Wiki User

17y ago

Best Answer

Mostly through massive trade, exchange of ideas and investments. Europeans vigorously invest in American business, pucharse a lot of American products, hold US dollar reserves and sell many goods and services to the US. European businesses have large-scale opertations in the US, employing hundreds of thousands of Americans and financing various capitalistic ventures within the US. They also own and operate large sections of the American infrastructure. German utility giant, RWE, for example, owns the American Water Works and Verizon, owned by British Vodaphone, is one of the largest tele-communication infrastructure operators in the US. The EU constitutes America's largest and most important trading partener. Both the US and European economies are interdependent, meaning the both rely and depend on each other.

User Avatar

Wiki User

17y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: How does Europe help the US economy?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

Does Europe have a larger economy than the US?

As a whole, yes, Europe's economy is much larger than the US's. Europe collectively has the larger economy in the world.


Why did US help rebuild Europe after World War 2?

To help allies and establish stable economy and political conditions


What impact did the war have on the economy of Europe?

World War 2 destroyed the economy of Europe. The Marshall Plan was setup in order to help rebuild Europe.


How did war in Europe affect the American economy?

the war in Europe help the U.S by boosting our economy. this happended because when all of the men went over to fight the women had to take over th jobs and this made the economy rise back


How were the goals of the US for Japan similar to its goals for western Europe after World War 2?

The United States wanted to help revive the economy in both places.


What is Europe's economy?

The European Union, which also has the largest economy in the world, at about US$16 trillion. However, Germany is the country with the largest economy, at about US$3 trillion.


How did the war affect the Europe economy?

The war in Europe affected the American economy by creating a massive increase in US industrial production as well as stable prices.


What are possible consequences to the US and the world if the US does not help Europe?

In the event of a serious economic collapse of the European Union, this would cause a global economic depression, since the economies of all nations interconnect, and the EU is a very major part of the global economy. However, we do not know for a fact that Europe will be unable to solve its economic problems without the help of the US. Furthermore, the US has economic problems of its own. It is certainly not obvious that the US is in a position to help Europe even if it wants to do so. Europe and the US both need to get their economic houses in order.


What is Europe's largest economy?

The European Union, which also has the largest economy in the world, at about US$16 trillion. However, Germany is the country with the largest economy, at about US$3 trillion.


How were the goals of the US for Japan similar to its goal Western Europe after world war 2?

The United States wanted to help revive the economy in both places.


How were the goals of the US for japan similar to its goal for western Europe after world war 2?

The United States wanted to help revive the economy in both places.


How does the retailing help the economy of the Philippines?

it help us in our business