Draghis Plan für Europa: Um wettbewerbsfähig zu sein, muss die Union reformiert werden

i vote we grant Draghi emergency powers to reorganize the Union

I love how he presents his package as one for the whole Union while never bothering to consult anyone who joined in 2004 and after.

I watched his whole presentation, and he didn’t say anything spectacular or new. He just argued to unify the EU industrial economy completely, as if it was one single state. He advocates, amongst other things, for transnational mergers between big European companies and unified capital markets, so to create a proper venture capitalist sector, that is able to finance startups.

Obviously, it’s a good plan, but again, it’s a bureaucrats plan and not a politician. He’s asking Europe to stop putting their national interests first and put the one of the continent ahead, and personally, I don’t think it’s possible. He wants the regular citizen from let’s say Italy to be just as happy if Intel invests billions in a new chip manufacturing plan in Germany as if the factory was built in Italy, since in the long run it benefits the whole union. Another example would be to welcome French companies buying up and merging with Spanish industries.

That will be very, very hard to sell to the citizens of the EU states, and I don’t know how you’ll ever get over that feeling

Sure, central planning totally works!