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There are some very good quotes that are tedious due to overuse. It can therefore be assumed from Jean Monnet’s line that Europe will be at a crossroads and the number of answers it is negotiating. Cliché or not, Monnet’s vision – one of the EU’s planners – remains as dire as it has been in the past. The plague helped the EU bypass the Rubicon on a common lender.
But another change pushed the EU further into the crisis, which included not only finding new solutions but also finding old ones. For two decades from the 1990s onwards, the ruling parties in Europe – middle-right and middle-left, especially under Gerhard Schröder in Germany – were attracted to another type of market division: government restrictions, markets functioning. their magic, and then give it if necessary. Those dominant sentiments had already begun to diminish after years of economic downturn, inefficiency, and the increased risk of climate change. The plague has put a nail in the coffin: an urgent need for government to act wisely, to address health problems and to support their livelihoods by closing, allowing Europe to embrace market capitalization.
The excitement of the European Commission and its review of economic performance makes it even more obscure for living for the last ten years. Then, he was the leader of monetary merger, abolition of the rules, and “competition” in the form of lower labor costs, or the suppression of part of the national monetary policy. And now?
This month the Commission initiated a plan of action of “social economics” – a variety of organizations that perform economic activities but do not make a profit, from social enterprises to organizations and charities. In the same week, that published ideas Strengthening and clarifying workers’ rights – enacting alternative legislation in the courts around the world or in EU governments to ensure that platform operators are not altered in the slightest by breaking labor laws.
Meanwhile, their push for age-old EU Directive on lower wages is growing. The Nordic states, which do not have much lower fees, have criticized this for fear it could jeopardize their communication system. Now Sweden’s new democratically elected minister, Magdalena Andersson, has agreed to endorse a new government. It is possible that the president of the French council will launch the project by the end of next year.
Winds in the European market economy, then. But the winds are global. In the US, Joe Biden’s supervisors make a clear statement based on theory I define it as a fixed side economy, which sees public spending as capital costs and more productivity for business groups. The UK, just a year after leaving the EU in search of a solution, took a step back in shifting European payments to those who had lost their assets as a result of the epidemic. Their lawless government is raising taxes to a higher level to fund health care. And in Japan, the new prime minister opposes “neoliberalism” and promises a reshuffle economic plan.
That is why the EU and its member states (many of which are left and right) are on the rise changing the global tide of economic thinking. This was also true in the previous episode: the volatility unrelated to the marginalized markets was a worldwide phenomenon. The difference is that now, Europe is adapting to global events that play a role in its power.
In a new paper, economists Thomas Blanchet, Lucas Chancel and Amory Gethin use a comprehensive comparison approach to Europe and the US. Europe has a lot in common; no surprises there. But the other two findings are not clear. Greater similarities in Europe are not the result of progressive taxes and transfers. Instead the US redistributes More for the very poor. Instead, market rewards – before taxes and transfers – are shared equally in Europe. In fact, more than in America after redistribution.
This is a reversal from the ongoing business – even in the thin years. The global change caused by the epidemic is causing Europe to regain its DNA. Former German Chancellor Angela Merkel used to say that Europe has 7 percent of the world’s population, 25 percent of its economy, but only 50 percent of its spending. He wanted to talk about the problem. It seems overwhelming as an example for us to follow.
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