Nice knowing you.
Emmanuel Macron has admitted that the EU ‘could die’ as he issued a dire warning about the bloc’s economy.
The French President told the Berlin Global Dialogue event that the EU was over-regulating and under-investing.
The over regulating bit was one reason many of us voted to leave. The demise of the EU would be a nice by product of that vote.
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’.
Send for a priest, then?
He said that the bloc cannot compete alone with the likes of China and the United States and needs a far more integrated single market to create pan-European businesses of the require global scale.
The solution is more of the same, only bigger. That will work. I prefer the other solution personally.
The EU motor was fuelled by German industry, lubricated by British money and driven by French cunning. And what happens when you fail to lubricate the motor? Answers on a ballot-paper.
If I recall correctly, Cameron tried to get the EU to reform but they refused. If there had been some willingness in this direction that might have been enough to swing the Referendum in favour of remaining.
Macron sees that there is a problem but cannot see any solution but the old one which seems to be more state regulation, planning and directed investment. This at a time when a number of countries, Italy, The Netherlands and even Sweden, seem to be increasingly disenchanted with th EU.