On Wednesday, during a panel discussion at Berlin Global Dialogue, the French president presented a pessimistic scenario. Emmanuel Macron noted that Europe lags behind the United States and China on key issues, specified as climate change, artificial intelligence, defence and security.
We're over-regulated and underinvested. In the next 2 to 3 years, if we follow our classical agenda, we will be out of the market – rated Emmanuel Macron.
EU not investing enough
The politician besides went to a very strong wording. In his opinion The European Union can die.
The French President's concerns are besides confirmed by the content of the study by Mario Draghi commissioned by the president of the European Commission, Ursula von der Leyen. The erstwhile Prime Minister of Italy and the erstwhile president of the European Central Bank assessed the economical situation of the European Union. The proposals prepared in cooperation with experts are worrying. The study shows that the EU lags behind increasing economical powers specified as the US and China. Draghi stresses that in order for the Union economy to compete, around EUR 800 billion must be invested annually. The French president himself agrees with these conclusions.
The United States invests much more, is much more advanced Macron informed.
According to the publication, GDP per capita in the U.S. increased by 60% in 30 years, while in Europe it is 30%.
Simplification of rules
According to the president of France, in order to improve the situation, the European Union should deepen the single marketplace and simplify its rules.
If we want to be more competitive and have our place in this multipolar order, we request a simplification shock first. He stressed.
During the discussion panel, the French leader pointed out that both the United States and China do not comply with the WTO rules, which is why the European Union should not respect them either.
I'm not suggesting we effort to become a protectionist, it's a terrible world, but at least be honest. With our industry, with our farmers, with our people said Macron.
