EU ‘could die’ — Emmanuel Macron

EU ‘could die’ — Emmanuel Macron

The French president warned that the European Union is facing an existential crisis, falling behind the United States and China in economic output and investment.

He argues that the 27-nation bloc is in a precarious position due to over-regulation, under-investment, and internal fragmentation.

“The EU could die, we are on the verge of a very important moment,” the French president said. “Our former model is over – we are over-regulating and under-investing. In the two to three years to come, if we follow our classical agenda, we will be out of the market.”

Macron stressed the need to deepen the EU's single market and address these issues or risk a decline in its competitiveness and, ultimately, its relevance on the global stage.

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Source: RT News
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