Europe is facing challenges in responding to the economic policies of the US under Bidenomics. Despite concerns over competitiveness and growth gaps, Europe has not provided a convincing response. The lack of pursuit of technological sovereignty, debt control, and adaptation to new geopolitical dynamics could lead to severe socio-economic consequences. Major European economies are experiencing a rapid decline in output, with leaders like Schulz and Macron appearing unprepared for the aftermath. To avoid financial disaster, France and Germany could learn from Nordic countries. Europe must develop its economic policy tailored to the current situation and avoid mimicking the protectionist approaches of the US and China. Policymakers in Europe are urged to be cautious in their responses to external shocks to prevent exacerbating the continent's economic challenges.
There is a frenzy of activity in European capitals as governments try to respond to weak growth. They must take care. Although the shocks facing the continent originate abroad, errors from Europe’s own policymakers could greatly aggravate the damage 👇 https://t.co/DWL0ELfkAu
The path ahead for Europe’s economy is littered with traps. To avoid them, the continent must forge its own economic policy fit for the moment—and resist emulating America and China’s protectionism 👇 https://t.co/K3N4PYCMF0
Are France and Germany staring down the barrel of financial disaster? To avoid a crisis, they could heed the Nordic countries, writes @Raphfel 👇 https://t.co/1m3JS66pQp
The output of major European economies is rapidly declining. Schulz and Macron seem woefully unprepared to deal with the consequences, writes @Raphfel 👇 https://t.co/1m3JS66pQp
European manufacturing needs a novel approach vs. Biden’s IRA: @LionelRALaurent https://t.co/f9DZXoepZh via @opinion https://t.co/IX69HVUohc
Interesting arguments in zerohedge: - Europe is destined to decline unless it pursues technological sovereignty, curbs its debts, and adjusts to the new geopolitical situation - It is doing none of this and the socio-economic consequences will be severe https://t.co/0sS4A2STvM
Bloomberg: "It’s less easy to see why Europe, despite mounting geopolitical alarm over its competitiveness and growth gap with the US, has failed to come up with a genuinely convincing response to the IRA." @LionelRALaurent https://t.co/Q8UOIZTtBg via @opinion
Europe’s response to the lure of Bidenomics is all stick and no carrot, @LionelRALaurent says https://t.co/NH6Ezzd4Kw