EU governance and global scenarios

(… from minute 58, but obviously also what comes after, and especially before , is worth listening to! The slides are here … )

(… in a few minutes we will have a webinar at a/symmetrie on the topic of RearmEurope. You will not be surprised. The warlike turn was in the nature of things. After having destroyed the internal market, that is, after having sawed off the branch on which it was sitting, as I document in my speech, Germany went in search of other people's markets with the help of a heavy competitive devaluation of the euro, which we have documented here ; rejected with losses, it first tried to convert its economy to "green", taking advantage of the fear of the climate crisis. However, CO2 as a bogeyman has not worked very well. After destroying our industrial fabric, the German leadership is going back in full swing on the green agenda, and to solve the problem of keeping its manufacturing alive it has turned to a great classic: fomenting fear of an external enemy to convert to the armament industry. Who knows if the fear of Putin will have a greater grip on those simple souls of the Germans than the fear of CO2? Common sense would dictate caution: CO2 warms you – if it warms you! – less and less than a thermonuclear bomb, but the archetypal idea of ​​the Cossacks invading European capitals always takes hold. So maybe this time we can't count on other people's electorates to take our chests out of the fire. Another story is whether we have to count on them. Does it make sense to want things to go well? To get rid of the source of imbalances – and here you all know what it is – a world conflict is unfortunately an inevitable stage… )

This is a machine translation of a post (in Italian) written by Alberto Bagnai and published on Goofynomics at the URL https://goofynomics.blogspot.com/2025/03/governance-ue-e-scenari-globali.html on Fri, 07 Mar 2025 14:28:00 +0000. Some rights reserved under CC BY-NC-ND 3.0 license.