The EU's sluggish economic growth is wasting human and (physical) capital resources, and relegating that huge economic system to global insignificance.
France and Germany should agree to rev up EU's growth with massive investments to catch up with foreign competitors that will be deciding about the new economic and political world order.
BRUSSELS, BELGIUM - OCTOBER 18: German Chancellor Angela Merkel talks with the French President Emmanuel Macron and the Luxembourg Prime Minister Xavier Bettel ahead of round table talks at a EU leaders summit on October 18, 2019, in Brussels, Belgium.The process of European unification shows that its current leaders are neglecting the economic foundations of an essentially political project.
The long journey toward a united Europe began in the early 1950s when, with generous help from Washington, the French and the Germans decided to renounce centuries-old enmities by putting together their coal and steel resources. At that time, coal and steel were considered the ultimate instruments of war, and their common management meant a guarantee of peace and reconciliation on a devastated and impoverished continent.
A few years later, the success of the French-German coal and steel venture led to a truly epochal event: A customs union among France, Germany, Italy and the three Benelux countries, enshrined in the Treaty of Rome in March 1957. Officially, that customs union was known as the European Economic Community, but most people called it quite correctly the Common Market.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Opinion | Britain’s Anything-and-Everything Brexit ElectionFrom WSJopinion: The U.K.’s impending “Brexit election” looks like it’s about anything and everything except Brexit, writes JosephSternberg
Leer más »
Instant tariffication—Trump announces new levies, threatens more“The economy has begun to digest the impact of the tariffs. Although the trade war is not going away, it doesn’t appear to be getting worse any time soon”. On “Money talks” S_Rabinovitch explains better than expected results in China’s economy
Leer más »
Heavyweight title fight draws accusations of Saudi 'sportswashing'Saturday's much-anticipated world heavyweight title fight in Saudi Arabia is facing criticism from human rights groups who have accused the host country of attempting to hide its record behind the prestige of the sporting glamour event.
Leer más »
Trump spars with friends and foes at NATO gathering as impeachment looms back homeOn China, President Trump suggests he may now wait until after the election to sign a trade deal, despite repeatedly saying he was very close to getting a deal done.
Leer más »
Maggie Smith Says Her Roles In ‘Downton Abbey’ And ‘Harry Potter’ Weren’t “Satisfying”Academy Award winner and longtime stage actress Maggie Smith has taken on many fulfilling roles over the years, although she wouldn’t include her work in Downton Abbey or the Harry Potter fil…
Leer más »
New Biogen Data: Experimental Alzheimer's Drug At High Dose Slowed Mental DeclineBiotech company Biogen's latest analysis of its Alzheimer's drug supports its claim that the drug can slow mental decline in the early disease stages. commonhealth
Leer más »