French president tells fellow European leaders the bloc is falling behind the US and China because of over-regulation and under-investment

French president tells fellow European leaders the bloc is falling behind the US and China because of over-regulation and under-investment

The EU “could die” unless it makes itself more competitive with the US and China, Emmanuel Macron has warned.

The French president said the bloc was over-regulating and under-investing at the Berlin Global Dialogue event.

Washington and Beijing both outstripped the EU in economic output and investment, he said, before calling on the bloc to complete its banking union package of financial rules.

Member states also needed to press for global trade rules to be kept fair, he added, according to Bloomberg.

  • @XeroxchasechaseEnglish
    103•9 hours ago

    EU could die because countries nominate far right anti EU presidents at a stagering rate

    • @UnsavoryMolluskEnglish
      5•2 hours ago

      Don’t worry, his current government is allied with the far right party right now. Just so they can beat the left coalition. It’s fine right ? Riiiiiiiiight ? /s

    • @[email protected]English
      6•5 hours ago

      While our regulations and social security make us the most desirable immigration destination.

      We should focus more on investing in technology, but that doesn’t mean that we need to deregulate to allow uber/amazon type of companies to grow here. They’re not a public benefit.

    • PonyOfWarEnglish
      43•8 hours ago

      Yeah, and frankly Macron’s government style is likely to contribute to that problem. A far-right France has never been more likely.