Hello_10
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The Eurasian Union is mainly former Soviet Union, it does not include China. Russian empire will not join EU leaving all its vassal states, unless all of them are acceptable to EU. Russia can be its own boss, if it can convince Iran, Pakistan and Turkey to join Eurasian Union along with Arab nations in West Asia. It sounds like a stretch, but it is something that will be good for all nations in this region, if they can make it work.
Its not just branding, its more about R&D in science and technology including weapons technology. This is where the West leads, if anyone wants to surpass them, that is the area to concentrate on, by investing in human resource development.
Kalu Miah the news as below looks like a start of end story of Western dominance. there can't be a better example of economic fall of any region like this whose PMI was maintained below 50 point for last over 9 months, for service and manufacturing both . it now looks like western econmies are going on the path of no return....................
The euro zone composite PMI, a combination of the services and manufacturing sectors and seen as a guide to growth, fell to 45.9 this month from April's 46.7, its lowest reading since June 2009 and its ninth month below the 50-mark that divides growth from contraction.
"The flash PMI figures for May look horrible and provide a clear warning that euro zone GDP will almost certainly show a contraction in Q2 after stagnating in Q1," said Martin van Vliet at ING.
Across the channel, official data showed Britain's economy shrank more than first thought between January and March, after the deepest fall in construction output in three years, while government spending made the biggest contribution to growth.
Europe's slump deepens; US, China lose momentum - The Economic Times