A brief reminder: you have to be incapable to make a career in the Commission
For your intellectual and philosophical pleasure I want to offer you this short Twitter thread? Why in March Letta took the liberty of saying that the sanctions in a few days would have put Russia out of business. How could he afford such radically wrong claims? As Geraci points out, he could afford it because it was based on the Commission's forecasts, even more wrong, which predicted a 30% drop in the value of Russian exports, which turned into + 37% because the ban sent the energy prices.
It was based on the #EU #Draghi "analysis" which predicted an export collapse of -30.9% while already in the first six months it rose by 37.2%
The serious thing is that everything can be forgotten with an "eh, but the EU has proved united". As if being united in error is a credit to pic.twitter.com/tXp48xnoga
– Prof Michele Geraci, fmr Undersecretary of State (@michele_geraci) August 28, 2022
As always, as with Greece, as with banking crises, as with austerity policies, the Commission does not get a prediction even by mistake. Greece had to save itself with savings policies, it is on the verge of bankruptcy again. Following the Commission's instructions has brought Italy nothing, if not a drop in GDP per capita and in household wealth. Green Deal policies have led to nothing but an energy crisis. The TTF market, wanted by the Commission, is turning out to be a noose that strangles the European economy. The methods of calculating the electricity trading price are bankrupting companies and closing companies.
The reason is simple: the Commission has no real think tank, no minority relationship, no real internal discussion. Most of the members are politicians screwed at home, because they are incapable, such as President Von Del Leyden, Gentiloni or Barroso, limited personalities who are then manipulated by "Professionals" of the Commission, such as Dombrovski and Vestager, truly untouchable, and by a bureaucracy very powerful, well intrigued with big economic powers and completely irresponsible.
Here, in 270 words you have the picture of the EU adored by the PD and the M5S.
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The article A brief memento: you have to be incapable to make a career in the Commission comes from ScenariEconomici.it .
This is a machine translation of a post published on Scenari Economici at the URL https://scenarieconomici.it/un-breve-memento-bisogna-essere-incapaci-per-fare-carriera-nella-commissione/ on Sun, 28 Aug 2022 19:46:32 +0000.