{"id":20978,"date":"2024-10-17T21:44:52","date_gmt":"2024-10-17T18:44:52","guid":{"rendered":"https:\/\/www.liberalglobe.com\/?p=20978"},"modified":"2024-10-17T21:44:52","modified_gmt":"2024-10-17T18:44:52","slug":"the-end-of-the-eus-economic-model-and-the-geopolitical-paranoia","status":"publish","type":"post","link":"https:\/\/www.liberalglobe.com\/?p=20978","title":{"rendered":"The end of the EU’s economic model and the geopolitical paranoia"},"content":{"rendered":"\n

The political project of a United Europe has collapsed due to a combination of political paralysis, geopolitical turmoil and abject economic failure, ending any aspirations of the EU to remain a global power.<\/p>\n\n\n\n

The issue now is who will fill the void<\/strong><\/p>\n\n\n\n

This development is sure to push the member states of the union to choose to adopt a strategy of defending its national interest, dissolving the political foundations of the union that began with the Treaties of Rome in 1957. After decades of warnings and sluggish development, the European leaders are suddenly faced with a barrage of evidence that the ongoing decline will not be stopped.<\/p>\n\n\n\n

1.<\/strong> Delegitimized French President Emmanuel Macron is a political hostage as Marine Le Pen’s National Alarm can block any legislative initiative with the threat of a veto \u2013 and all he can hope for is “tolerance” from the biggest political force in terms of votes in the country.<\/p>\n\n\n\n

2.<\/strong> Germany’s largest car manufacturer spoke of closing factories for the first time in post-war history as the economic model that made the country the “steam engine” of the continent’s economy is no longer sustainable due to extremely expensive energy.<\/p>\n\n\n\n

3.<\/strong> US tech giants are turning their backs on the European market because of the new restrictions it has adopted on artificial intelligence.<\/p>\n\n\n\n

4.<\/strong> The proxy war in Ukraine, meanwhile, has shone a light on the defense weaknesses of Western troops as the US and allies scramble to keep arming Kiev.<\/p>\n\n\n\n

5.<\/strong> The United States and its European allies are destroying their own militaries and economies to fight an increasingly futile crusade against Russia.<\/p>\n\n\n\n

6. <\/strong>European member-countries are also losing credibility in the debt market, most notably the recent downgrading of France’s economic outlook by Fitch, essentially warning with a downgrade of the country’s credit rating, a day after the government presented its budget for 2025. This is an immediate “vote of censure” on Prime Minister Michel Barnier’s efforts to deal with the sharp deterioration of public finances.<\/p>\n\n\n

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The “bill” for the Ukrainian issue<\/strong><\/p>\n\n\n\n

European countries at the same time are facing the consequences of their leaders’ almost unified stance in the war with Russia where they submitted to US pursuits.<\/p>\n\n\n\n

German manufacturing continues to falter amid sanctions on Russian natural gas that have sharply increased energy prices, while social services across the continent struggle to adjust to the cost of hosting Ukrainian refugees, sparking widespread social outrage.<\/p>\n\n\n\n

EU leaders, most now facing social majorities, appear intransigent amid widespread opposition to their foreign and domestic policies as pro-peace protests spread across the continent.<\/p>\n\n\n\n

French President Emmanuel Macron has faced continued resistance to cuts to hard-won labor rights, while farmers in Poland and other countries have protested against neoliberal economic measures that favor Ukrainian agricultural production over domestic production.<\/p>\n\n\n\n