[Magian]

As I mentioned before, I think that some kind of Mercatilism is not bad idea at all. A country should produce and export more than it imports and the wealth of a nation should be measured in it's gold reserves.

I'm not an economist, but to me this is what "healthy" economy sounds like.

On the other hand population of 470 million people of EU is big enough to be possible to implement some isolationist-mercantilist policy towards the Rest of the World.

Extreme isolationism and small population means - North Korea.