EU could die, warns Macron (www.telegraph.co.uk)

submitted 2 days ago by MicroWave@lemmy.world to c/world@lemmy.world

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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.

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[-] Xeroxchasechase@lemmy.world 141 points 2 days ago

EU could die because countries nominate far right anti EU presidents at a stagering rate

[-] PonyOfWar@pawb.social 57 points 2 days ago* (last edited 2 days ago)

Yeah, and frankly Macron's government style is likely to contribute to that problem. A far-right France has never been more likely.

[-] Xeroxchasechase@lemmy.world 14 points 2 days ago

Got to divert the blame, you know.

[-] osaerisxero@kbin.melroy.org 13 points 2 days ago

Yep, I expect this is all going to be The Left's fault in short order

[-] UnsavoryMollusk@lemmy.world 9 points 2 days ago

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

[-] where_am_i@sh.itjust.works 11 points 2 days ago

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.

[-] Xeroxchasechase@lemmy.world 2 points 2 days ago

Exactly

this post was submitted on 03 Oct 2024

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