Posted on 09/09/2024 8:36:28 AM PDT by hardspunned
The European Union needs up to 800 billion euros ($884 billion) in additional investment per year to meet its key competitiveness and climate targets, according to a report from economist and politician Mario Draghi.
The bloc’s goals of bolstering its geopolitical relevance, social equality and decarbonization are being threatened by weak economic growth and productivity compared with the U.S. and China, the report states.
The wide-ranging study led by Draghi — who previously served as prime minister of Italy and president of the European Central Bank during the euro zone debt crisis — found EU priorities must include reducing energy prices, strengthening competitiveness, coordinating industrial policy and raising defense investment.
The EU must also adapt to a world where “dependencies are becoming vulnerabilities and it can no longer rely on others for its security,” the report found, citing the EU’s dependence on China for critical minerals, and China’s reliance on the EU for absorbing its industrial overcapacity.
(Excerpt) Read more at cnbc.com ...
I’m waiting on the NATO companion study.
Dependencies were always vulnerabilities, stupid.
No matter how inept, corrupt, and just plain loathsome our country’s DemocRATz are, we can always depend on the EU to out-awful us in every measurable parameter.
Hopefully, we’ll be around to witness Eurostan destroy itself as a hopeful warning to us.
No matter how inept, corrupt, and just plain loathsome our country’s DemocRATz are, we can always depend on the EU to out-awful us in every measurable parameter.
Hopefully, we’ll be around to witness Eurostan destroy itself as a hopeful warning to us.
> The bloc’s goals of bolstering its geopolitical relevance, social equality and decarbonization are being threatened by weak economic growth and productivity… <
Are those folks really that dumb? Their insane quest for “social equality” and “decarbonization” is CAUSING their weak economic growth.
Kinda like salting the earth then wondering why crop production is down.
Climate used to be warmer than it is now.
>>Kinda like salting the earth then wondering why crop production is down.
But ‘Brawndo’’s got what plants crave. It’s got electrolytes! What are you saying they should use? Water? Like from a toilet?
And Greenland was called “green” by the Vikings because of the lush vegitation.
13,000 years ago a glacier sat atop Dayton, Ohio. I’m certainly glad we’re in a period of climate warming. We barely missed the Little Ice Age.
It always amazed me that these countries fought scores of wars over the centuries to maintain their independence, for conquest, and to defeat authoritarianism... and then a few decades later voted to merge themselves under one labyrinthine bureaucracy totally disconnected from the will of the people.
Production is down?
The crops need more salt, DUH!
It’s what plants crave.
Their ship is sinking thanks to the likes of Victoria Nuland and her lovely meddling in Ukraine in 2014 that led us to the mess of today.
Wars usually pop up quickly. One day foreign troops start to pour across your border. You know who your enemy is, and who wants to take away your freedom.
But the clever EU bureaucracy increased its power slowly over the years. Hard to notice. Kinda like the frog in a slowly heating pot of water story.
The same thing is of course happening here in the US. Trump 2.0 might slow it down. But without a willing Congress he won’t be able to reverse it.
Maybe they just got tired of the endless wars and figured it was better to unify - for better or worse.
Let them tax themselves into oblivions; not my concern.
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