What future for the EU?

25/09/2022 21:41 MACROECONOMICS

When I was in the US in 2008, 100 euros were worth 168 dollars.

Since then, a 40% decline.

Today 100 euros are worth approx 97 dollars.

This trend is mainly the mirror of a whole path and choices undertaken by the European Union in these 14 years.

In general, unfortunately, Europe has had to face several problems in terms of productivity, efficiency, problems of excessive bureaucracy, excessive fragmentation, high debt, and now also energy and resource risks, and with a war at its doorstep.

War in which, although not physically involved, it is absolutely involved economically.

In fact, even if no one wants to use the word "3rd world war", we are undoubtedly in the midst of an economic world war, with all its consequences and side effects.

Anyhow, all this cluster of non-positive elements, does not seem to allow ample room for maneuver and choice.


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