Macron Warns EU “Could Die” as He Issues Dire Warning About Bloc’s Economy
Emmanuel Macron has warned that the EU “could die” as he issued a dire warning about the bloc’s economy, saying Brussels is “over-regulating and under-investing”. The Mail has more.
The French President told the Berlin Global Dialogue event that the EU was over-regulating and under-investing.
He also pointed out that both China and the USA outstripped the 27 member-bloc in economic output and investment.
In words reported by the Daily Telegraph, Macron said: “The EU could die, we are on a verge of a very important moment.
“Our former model is over – we are over-regulating and under-investing. In the two to three years to come, if we follow our classical agenda we will be out of the market.”
He has called for the member states to continue to pursue the banking union package – which aims to ensure the banking sector in the Eurozone and across the EU is stable, safe and reliable.
Does anyone really believe the EU is capable of not “over-regulating” anything? And how is banking union – involving the creation of even more central rules in Brussels – supposed to prevent such “over-regulation”?
Worth reading in full.
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No mention of the Net Zero obsession and expensive energy that is killing Germany at the moment then?
Germany is propping the whole thing up. If they fail, it all fails. It’s suicide by net zero.
The Third Reich failed – fingers-crossed its successor Fourth Reich joins it soon.
EU exists for two reasons German industry and French agriculture. Net zero and wokeness is destroying both. They will continue to over regulate to compensate for this but it’s too late the EU is in its final throes.
That may be wishful thinking on my part 🙂
They can’t stop over-regulating, though. Once the EU bureaucrats stop regulating everyone will realise that we don’t need those bureaucrats. For this reason, the EU will never stop over-regulating, and therefore the EU will end by destroying itself.
I’m sure there must be a ‘somebody’s law’ that employing bureaucrats will only ensure more bureaucracy. A bit like MPs, when they notice that the world is not perfect, reach for legislation (which is bound to make things better). When the legislation makes things worse, the answer is more/different legislation.
Parkinson’s Law: work expands to fill the time available for its completion.
Altzheimer’s law: we continue to do the utterly stupid thing we’ve always been bleating should be done until the memory or the rationale of why we said this has long faded.
Then we’ll blame our predecessor for the horrible legacy we perpetuated.
Just what the f do our leaders actually offer? General board-room shyte is nothing special and undeserving if a 5yr mandate
How about a committee, with max 1yr membership per participant, where these things are thrashed out I detail. Thereafter you’re no longer involved. Random involvement, drawn by lots. Then, back the citizenry for you….
Of course, only feasible if the so-called elites are in the same tenuous position, so stop them squirreling it away in the first place.
Pournelle’s Iron Law of Bureaucracy – various formulations including:
In any bureaucracy, the people devoted to the benefit of the bureaucracy itself always get in control and those dedicated to the goals that the bureaucracy is supposed to accomplish have less and less influence, and sometimes are eliminated entirely.
Public Choice/Agency Theory – that an agent will act in their own interests and not necessarily in those of his principal. The theme of the magnificent ‘Yes Minister’ series.
The same is true of the political shite, they will act in their own interests in preference to those whom (controls laughter) they serve.
It is all that non-producing, narcissistic people are capable of – stymying others.
Odd isn’t it? The geniuses who create a bureaucracy are astonished when the bureaucracy’s primary aim is to ensure its own survival and growth by creating more bureaucracy.
Dr Frankenstein, call your office.
I always assume this is “the Civil Service problem”. The Government employs Civil Servants to make rules, when they have completed a project they can’t sack them so they have to set new legislative projects to keep them employed.
Louis XIV used to give them all stupid dances to learn, to keep them busy and guessing.
The Civil Service is supposed to implement and administer rules/policy as devised by Ministers.
But you are, these days, correct.
Seems that [Net Zero] was never about CO² after all?
Who is he issuing a warning to?
It is him and all the people like him, with the same ideas, that have been running things for decades.
So, I don’t know, is he warning us about himself? Letting us know that he is a menace to our economy?
That’s how I understand it.
Exactly. It’s a bit like the Madame running a brothel issuing a warning about a decline in moral standards.
😂😂😂
Macron is the sort of person who can’t find his arse with both hands but thinks he is very clever. He’s managed to wreck the French political system and screw the whole country up.
I dunno. The folks seem pretty sensible where I am. Guard their assets well. No fools. But then I am not in Paris.
Isn’t it more or less dead already?
As for “under investing”, yeah I am sure that the “EU” doing more “investment” will be a roaring success.
Why on earth do we crave these “leaders” who somehow think or pretend to think they can make everything better?
There’s more investment resulting in more regulation, more committees, more ‘oversight’ and more ‘planning’ leaving just a tiny amount left over for ‘doing actual stuff’.
As a very sensible Dutch politician/banker said in a recent talk, investment is not a problem. It’s never a problem. If you have a good plan for a business there are always people with money ready to invest. Plenty of money.
What Europe lacks isn’t investment. It lacks an environment for business to flourish and therefore a lack of good business opportunities.
But the political class made of the likes of Macron who are basically bureaucrats don’t really understand this. They’re sort of clueless really. And the people who prop them up, oligarchs and officials of big corporations who are just another type of bureaucrat, don’t want a vibrant business environment. They love regulation because it benefits the big corporate whales.
Rarely does a day go by when I don’t meet some well-meaning member of the public who wants to increase societal regulation. It’s a sort of disease we have these days. And it’s a killer. Literally.
If it can’t sustain itself, let it die.
Oh dear, how sad. Never mind….
His problems are closer to home. He’s trying to mask the damp and mould in his own bedsit by blaming a crumbling building.
With a bit of luck, the EU might die before Starmer gets us back in there.
“Emmanuel Macron has warned that the EU “could die”…”
Here’s hoping.
“Macron Warns EU “Could Die”
Oh don’t be a tease Manny, it’s getting my hopes up.
So the President of a chronically over-regulated and under-invested Country which fashioned the EU in its own image and likeness, complains it is working as intended.
Energy prices are central to EU prosperity. If they had the common sense to see that ICE vehicles are the future, not the past, they might have a brighter furure