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    [serious] Warum stagniert die EU und was könnte/sollte getan werden? (Datenquelle: Weltbank)


    [serious] Warum stagniert die EU und was könnte/sollte getan werden? (Datenquelle: Weltbank)

    https://i.redd.it/x9nz3846tdqd1.png

    Von DrMelbourne

    View 32 Comments

    32 Comments

    1. AndrazLogar on

      Mario draghi explained what needs to bo done. So exactly what has not been done in the past.

    3. According-Buyer6688 on

      A lot of things to explain.

      1. Measures are shown in current USD level. In 2008 you could buy 1,5 dollar for every euro, now 1,1.

      2. EU Companies didn’t adjust since 2008 so well.

      Mario Draghi specifically called the solutions. Merger of the major companies, stock exchanges and less regulations. For me the major problem is the capital collections in Europe. We have 14 major stock exchanges where as US have only 2. I hate EU commission for blocking merger of German Stock Exchange and British stock exchange. Just imagine to have a list where Shell, Volkswagen, HBSC and SAP are in one place. That would be a game changer.

      Hopefuly EuroCTP (which is a consolidation tape for our stock exchanges) started in 2023 and is projected to be ready in 2025.

    5. No-Confidence-9191 on

      The EU missed an entire ecosystem with big tech, Look at the Apples, Nvidias, Microsofts, Alphabets, Metas, even Amazon with his AWS service…

      The entire technology sector which makes up our everyday life works without meaningful European input. Yes, yes, we have the hidden champions and “the suppliers who supply the customers” and whatever, but we are nearly 20 years in post web revolution and see it no longer works as an argument.

      Now we have reached a point where this industry has developed their own sub-industries (think about the entire gig-economy) and branched out industries (AI).

      The US is willing to throw an obscene amount of money at new markets. The EU fails to even get the barebone fiscal union starting. We are just starting to see the decline of the EU. Things will get much worse, due to the issue of no unified policy also holds true for several other aspects (geopolitics, foreign policy, military, migration and security…).

      We, as in our generation of the 20-45 year olds or so, will be able to witness the decline but not really be all too affected by it (same with climate crisis), as we can eat well from the more or less heavy substance of previous generations.

      But the young europeans who grow up now? We may see others overtake us and decline, but they will never know something different. A lost generation.

    7. Stabile_Feldmaus on

      The countries with low debt to gdp need to spend more. 80-90% debt to GDP is reasonable. Apart from that, we need our own tech sector. This is the growth motor of the US economy. There are several ideas to achieve this: Capital markets union, allowing state health- and pension insurances to invest in venture capital, an EU stock exchange for start ups, protectionistic measures against US and Chinese tech giants to give young companies space to grow, an “ESA for AI” which is supposed to develop foundation models that are then commercialized by EU companies

    9. Root_the_Truth on

      How long have you got?

      Simple answer is: divergent economic models and a single currency – that’s the quick answer.

    11. Obvious_Claim_1734 on

      It is simple. All the biggest cutting edge tech companies are American.

      Eu doesn’t have that luxury. We have many bad business decision examples why. For example Nokia sold out and messed up their phone industry when smartphones were just coming out. Nokia even had the first touchscreen phone prototype if i remember right. The ceo at the time didn’t believe in the tech.

      Also we have not invested heavily into semiconductors much at all just yet, so far EU has been much more into traditional tech and industries.

    12. AnovanW on

      we just don’t have the same startup and innovation as the US, major tech companies: apple, amazon, netflix, etc are mostly american. European inventors leave the EU for the USA [(page 91)](https://www.aeaweb.org/articles?id=10.1257/jep.30.4.83) . Why this is the case? i don’t necessarily know, possibly over-regulation in the EU, possibly lack of finance available in the EU, part of it may also be cultural, the USA might just have a more ‘risk taking’ culture when it comes to business.

      Secondly is language and immigration. The reality is that a huge portion of the world ( despite what you may see) would give up everything to move to the USA, this means that the US can basically choose it’s immigrants, and pick the extremely wealthy and educated ones ( who are also educated in english) meanwhile learning a language like Dutch, German, Swedish, etc is pretty uncommon in a lot of countries outside of the EU, all immigrants which know a european language typically know english so they’d rather just move to an english speaking country.

      Another reason i can think of, which ties into the first point is culture. When someone immigrates to the USA they know if they mess up welfare probably won’t save them, the US is still viewed as the land of opportunity, and the place where anyone can start a business and grow their wealth, which probably means the goals of immigrants coming into the usa is a lot different than ones immigrating to europe. Whilst the majority of immigration is beneficial, some ones are more so than others.

    13. rocketstopya on

      US has a common language, regulation, common stock markets, oil, gas and so on..

    15. Born_Scar_4052 on

      I think because we reached our capacity in many areas (land, population, natural resources) 

      However, I really like Mario draghi solution on focusing on tech (part of his solution) 

      The workforce can work from home, doesn’t need raw resources, and etc. So I think it’s the best area for EU to focus on. 

    16. Veyron2000 on

      The biggest problems are very difficult to solve: 

      1. The EU is not as much of a single market compared to the US, due to different languages, governments, regulations etc. This makes it much easier for US companies (particularly tech companies) to quickly scale up in the US internal market, and therefore establish dominance. 

      2. Energy costs are much higher in the EU, because it doesn’t have the oil and gas reserves of the US (and Russian gas has been rejected / cut off). 

      3. Partly as a result of 1, the EU has almost completely missed out on the tech sector / internet economy with all the big companies being American. Other reasons for this include much more venture capital in the US, the environment of Silicon Valley, the wealth of US universities, and potentially more relaxed regulations. 

      4. The US government has far more money to stimulate / prop up the US economy, thanks to the US dollar being the global reserve currency. 

      5. The argument made by libertarian conservatives: the US has lower taxes and more business-friendly regulations (relaxed environmental rules, less worker protections, etc.) I’m less sure about this but it may play a role. 

      6. Problems compounding. Once the EU falls behind the US it is very hard to catch up, as US companies have achieved dominance and the EU has less money to invest / is less attractive to investment and start ups.

      I really see little hope of fixing these problems. 

    17. Moosplauze on

      The EU could take up irresponsibly high loans to ruin the lifes of future generations.

    18. Tentacled_Whisperer on

      Disastrous US proxy wars. We’ve lost cheap energy and cheap raw materials, were flooded with refugees and major contributors like Germany are now deindustrializing.

    19. achas123 on

      EU used to be in parity with US before 2008. How you handle financial crisis really matters.

    20. loxiw on

      We’ve just agreed to spend 0.25% of nations PIB to buy weapons from the USA 😀

    21. Themotionalman on

      EU regulations is killing businesses, it is also not providing any funding to the small businesses there claim they are trying to foster. It is a little frustrating

    22. schuler33 on

      One significant factor is also the population growth, most european countries are experiencing significant overaging.

    23. mmlemony on

      Have more babies. Europe has a rapidly aging population meaning an every increasing proportion of people are unproductive. Immigration can offset this but Europe imports too many unproductive migrants, and all the very productive ones go to the USA because the salaries are 4x higher.

      Stop putting tech companies and factories in random boring cities with shit weather. Build silicon valley in Malaga.

    25. Valuable_Calendar_79 on

      Learn from each other. We don’t need to copy USA, there are plenty of strong innovative regions in EU to learn from.
      And also don’t forget the see-sawing Euro Dollar exchange rate. Add 10 % value to the Euro and suddenly that graph looks completely different

    26. whoopdedupe on

      The phrase “Europeans work to live while Americans live to work” didn’t come out of nowhere. It’s a choice. Regulation makes a difference, and we need more regulation over here (I’m a solid Dem), but regulation doesn’t come close to offsetting the huge difference in work ethic across the pond. I studied 13 months in a Northern European nation and later stayed a short while and married in an Eastern Europe nation, and then built a couple companies in the U.S. which have done alright for 2.5 decades. The contrast across the pond is stark. It can be creepy how some European towns turn into ghost towns when everybody heads off on their vacations – it is very weird for us. “Product” comes from “production”, which comes from work. You work less, you produce less. Why is this even a discussion? Europeans have a better lifestyle in some ways (including working less), which is just fine. We all have our priorities. Nobody can have it all.

    27. Traditional-Storm-62 on

      a Union born of noble political goals

      often accused of neo colonialism

      unable to break its economic stagnation for decades

      with its population increasingly drawn to right wing movements some of whom argue for Union’s dissolution

      man this is early ’80s all over again, why’s real life so unoriginal all the time

    28. clydewoodforest on

      Excessive welfare spending and strangling itself in red tape.

    30. dawidlijewski on

      The Eurozone is stagnating, not the EU. Look at Denmark or Poland.

    31. peathah on

      Interesting I tried the same site and my graph for the euro area looks different. Much more increasing than this one does.

    32. MotanulScotishFold on

      Less bureaucracy and less regulations.

      Europe is suffocated by so many regulations that only put brakes on innovation many times.

      That would be a first step.

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