The former Italian prime minister proposes "radical change" as the bloc faces aggressive competition from China and the US. Draghi touts use of controversial eurobonds; proposed plan for decarbonisation and competitiveness could entail defensive trade measures, he says. #EuropeDecoded

The former Italian prime minister proposes “radical change” as the bloc faces aggressive competition from China and the US. Draghi touts use of controversial eurobonds; proposed plan for decarbonisation and competitiveness could entail defensive trade measures, he says.

  • Avid AmoebaEnglish
    41·
    2 months ago

    Wow, this sounds almost Keynesian. It might actually help the EU get out of the neoliberal rut.

    The EU already moved in that direction with Next Generation EU, a several-hundred-billion-euro investment plan that came in the wake of COVID-19 – but the idea has raised fears of subsidising weaker member states, among “frugal” member states such as von der Leyen’s Germany.

    Germany should fuck right off and get rid of its self imposed austerity “debt brake” law while at it. They and everyone else needs public investment and lots of it, especially if we’re to deal with climate change on time.