EU could die, warns Macron
EU could die, warns Macron
French president tells fellow European leaders the bloc is falling behind the US and China because of over-regulation and under-investment
French president tells fellow European leaders the bloc is falling behind the US and China because of over-regulation and under-investment
The EU “could die” unless it makes itself more competitive with the US and China, Emmanuel Macron has warned.
The French president said the bloc was over-regulating and under-investing at the Berlin Global Dialogue event.
Washington and Beijing both outstripped the EU in economic output and investment, he said, before calling on the bloc to complete its banking union package of financial rules.
Member states also needed to press for global trade rules to be kept fair, he added, according to Bloomberg.
EU could die because countries nominate far right anti EU presidents at a stagering rate
While our regulations and social security make us the most desirable immigration destination.
We should focus more on investing in technology, but that doesn't mean that we need to deregulate to allow uber/amazon type of companies to grow here. They're not a public benefit.
Exactly
Don't worry, his current government is allied with the far right party right now. Just so they can beat the left coalition. It's fine right ? Riiiiiiiiight ? /s
Call me a mad old communist stooge but I count quality of life rather than economic output as a marker of success.
True to an extent but you need economic output to give you weight in the international stage. Otherwise you start getting pushed around by other superpowers.
Otherwise you start getting pushed around by other superpowers
This is more a coincidence of the status quo rather than a consequence of an inherent correlation between economic output and geopolitical power.
No they are not. They are kicking the rest of the worlds ass in standard of living. What that useless frog leg is saying the regulations are preventing his rich masters from being even richer.
De-regulation only helps rich assholes get richer. What he really means is the rich are getting marginally less rich right now, and they don't like it.
But haven't you heard? This is affecting yatch money, eh I mean the economy.
We could all die, Manny. You haven't done much to help.
The EU car industry, in particular German carmakers are at the verge of a crisis because they lobbied so successfully against more regulations, that they fell behind on innovation. Now China is swooping up the EV market.
The problem with regulation is never regulation. It is a problem of inefficient bureaucratic processes of enforcing it. In order to have efficient processes you need to invest well into the public sector, which is something Neoliberals like Macron fiercely oppose.
And Macron killed is by refusing to let the left to power.
While I'm generally sympathetic to the idea that the EU should strive to be more economically-competitive, I'm also skeptical that economic competitiveness represents an existential threat for the EU.
I'd also point out that the devil is in the details of what specific changes one plans to make. France has a lot of EU regulation and economic restrictions that they like. I suspect that a lot of people might point to the Common Agricultural Policy as something to reduce in size, though it's generally benefitted France at the expense of some other members.
Then stop killing it.
Not insignificantly due to misinformation. Like Brexit.
So what's this banking package thing he's talking about?
Daily Telegraph (UK) - News Source Context (Click to view Full Report)
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MBFC: Right - Credibility: Medium - Factual Reporting: Mixed - United Kingdom
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https://www.telegraph.co.uk/world-news/2024/10/03/eu-could-die-says-emmanuel-macron-us-china-nato/
Good riddance.
Dumbass detected.