In effect, the EU has embraced a hyper-mercantilist, export-driven growth model, prioritising trade surpluses over internal economic development. This approach has come at the expense of both its own citizens, who face stagnating wages and underfunded public services, and its trading partners — most notably the United States — who have absorbed the EU’s export surpluses as part of an increasingly unbalanced global economic relationship.
Climate Crisis
Balkan Green Energy News: Air pollution in TPP Maritsa 3 could lead to shutdown of all coal plants in Bulgaria
Due to breaches of air quality rules, the operation of the Maritsa 3 coal-fired power plant has been suspended. It will remain closed until it meets the norms and standards, the government said. It made […]
EU politics
Wolfgang Münchau – Overloading: The European Union used to do a few things well. Now it does a lot of things badly
“Ms von der Leyen committed a grave error when she tried to trigger an emergency clause to impose border controls in Ireland. The error raises questions about her suitability for the job.” Read here
Aviation
BBC: Coronavirus: Due to EU Airlines flying near-empty and empty planes
One sees why neo-liberalism is failing not only the environment but also the economy. Law to protect capitalism are all that count and that is what organisations like the EU are there for, to enforce […]
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