I have written before about the poor economical status of Sweden. You could now compare the countries of the European Union with the United States of America. Read Dr. Fredrik Bergström (President of the Swedish Research Institute of Trade) and Mr Robert Gidehag's (President of the Swedish Taxpayer's Association) report (PDF), EU versus America. Luxembourg is the only European country that has a higher per capita GDP than the average state in the USA!
UPDATE 06/20/04: Read the editorial, Europe vs. America, in the OpinionJournal. [Hat tip to Fredrik Norman.]