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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