Speaking of European Union

I for one welcome the idea of EU and think that this is good for everyone on the earth. Now there is a balance of power in the international arena and one country cannot dictate, control or force its views on the rest of the world. I am not taking about the military power that U.S.S.R used to be. I am talking about a conglomorate with the economic power that acts as counter weight to U.S. I have felt many times in the past that U.S.A has been unfair and looked at his own interest. Now there is someone (the EU) who could retaliate economicallly. Here are some examples:
1. Business ; EU to slap extra duty U.S. goods: The Commission took this latest step in the dispute over the Byrd Amendment in light of the continuing failure of the United States to bring its legislation in conformity with its international obligations.
2. European Satellite Navigation System Now the rest of the world isn't at the mercy of the united states.
3. Euro to compete with dollar: Now everyone has a choice when dealing with international trade. U.S doesn't control it anymore!

Now there is someone who can bell the cat.