"Most of the EU and the Scandanavian countries are either in Recession, or hanging precariously above it at 1% growth or less."

This claim, like every other claim you're making here,  is not even close to accurate.

Annual GDP growth rate, most recent numbers:

Ireland		7.20		
Romania	5.70	
Monaco	5.40	
Slovenia	5.30		
Iceland		5.00		
Turkey		5.00		
Estonia		4.40	
Hungary	4.20	
Malta		4.20	
Albania	4.00	
Latvia		4.00	
Poland		4.00	
Lithuania	3.90	
Luxembourg	3.60	
Bulgaria	3.50	
Montenegro	3.40	
Netherlands	3.40	
Cyprus		3.30	
Moldova	3.10	
Slovakia	3.10	
Kosovo		3.00		
Spain		3.00	
Czech Republic	2.90	
Portugal	2.80		
Finland		2.70		
Bosnia and Herzegovina	2.60		
Norway	2.60	
Croatia		2.50	
Ukraine	2.40		
Austria		2.30	
Denmark	2.20		
Sweden	2.20	
European Union	2.10	
United Kingdom	2.00	
Euro Area	1.90	
Germany	1.70	
Belgium	1.60	
Italy		1.20		
Serbia		1.20	
Switzerland	1.10	
France		1.00		
Russia		0.50	
Greece		0.40	
Belarus	0.30	
Macedonia	0.00	
Liechtenstein	-1.90