Washington and Beijing both outstripped the EU in economic output and investment, he said, before calling on the bloc to complete its banking union package of financial rules.
Member states also needed to press for global trade rules to be kept fair, he added, according to Bloomberg.
“The EU could die, we are on a verge of a very important moment,” Mr Macron 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.”
Definitely outsourcing jobs overseas is not the way for growth. Yes it saves on production costs(little to no savings for the consumer -go figure)
But you take away jobs which helps the consumers spend instead of relying on government support.
[deleted] on
[deleted]
FortuneSuspicious632 on
Well, that’s some good news!
Possible-Money6620 on
Over regulating? That’s debatable
DrCrazyFishMan1 on
Best empower the political forces looking to destroy it…
w00t57 on
In order to ensure our security and continuing stability, the EU will be reorganised into the First European Empire, for a safe and secure society.
lookatmeman on
A lot of this is why Brexit happened, angry people with no future but continued decline. Ironically this very paper incited them to blame EU membership. On a flip side things like banning aspects of ai are not helping the view of EU over regulation.
johannesonlysilly on
We’re not an federation, because of that there’s no real budget, it doesen’t stop countries doing big projects together though. But yes we’ve already regulated away any chance for success.
PrimarySoggy7336 on
Got them taxed to death all over. Now he’s “concerned”✌️
No_Aesthetic on
Or, worse still, it could become a far right monstrosity.
Lizimijajaznojna on
Thank god
warriorscot on
Honestly brexit was a slow wound that’s unlikely to ever heal, the UK was pretty critical in balancing the avarice of France and Germany with the needs of the wider body and had invested years building up the relationships with the newer members.
The value add from the UK had very little to do with anything economic or scientific, although both helped. It was far more to do with the internal politics and power dynamics and the fact they played the honest broker and had the clout to organise the new members against Germany and France when it mattered from a position of it often not mattering to them except in principle.
Ever since you’ve seen a March to the right and the EU losing its grip as Germany and France had to work against decades of emnity created from having their hands in the cookie jar. And ironically brexit showed how hard leaving is, which meant countries that actually should leave maybe come back or not and may have aren’t leaving.
I’ve been a big advocate for the EU, but post brexit and given the current political situation inside and out I’m not sure the EU is able to do what it needs to given what it needs to do is something it’s never been able to achieve during times.when it was better able to do it.
sandcastlecun7 on
Emmanuel 😒
yosarian_reddit on
Macron is a neoliberal in a world where neoliberalism has lost all popular support. Europeans are not going to copy the inhuman working standards of the US and China. Especially not to make Macron’s finance buddies richer.
Acceptable_Rip_2375 on
The irony of a socialist like Macron complaining about over regulation and under investment … just wow.
Karbargenbok on
“Things might burn down” warns known arsonist
myrainyday on
Perhaps we should all strife for Federalism then?
zmrth on
Lol it’s already dead Macron, and you rly killed France too.
Scouse1960 on
Excellent, the sooner this socialist globalist cabal is dismantled the better
GoRangers5 on
Maybe it should, a strong economy that leaves people behind is no strong economy at all.
BossIike on
No shit. And you and your “progressive” buddies caused that, Macron. What did you think bringing in tens of millions of middle eastern men was going to do? Bring “wonderful, sweet diversity” and everyone would sing kumbayah in the street together??
Extension_Design_699 on
The EU could certainly use a reformation. It is too big and too corrupt. It must be redesigned and have 100% funding transparency . Every single euro must be accounted for and let´s then see if anyone is still interested in working at the EU parlament.
grimorg80 on
It’s yet another example of what us people need VS what the elites want. This EU is a travesty, a neoliberal scheme to keep wealth flowing upwards.
I would love a union formed by citizens, collaborative, supportive.
Yeah, I dream of the death of capitalism. The death of this EU is a step in that direction.
25 Comments
***The Telegraph reports:***
The EU “could die” unless it makes itself more competitive with the US and China, [Emmanuel Macron](https://www.telegraph.co.uk/emmanuel-macron/) has warned.
The French president said [the bloc](https://www.telegraph.co.uk/european-union/) was over-regulating and under-investing at the Berlin Global Dialogue event.
Washington and Beijing both outstripped the EU in economic output and investment, he said, before calling on the bloc to complete its banking union package of financial rules.
Member states also needed to press for global trade rules to be kept fair, he added, according to Bloomberg.
“The EU could die, we are on a verge of a very important moment,” Mr Macron 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.”
Mr Macron’s remarks echo some of the findings of a [landmark report by Mario Draghi,](https://www.telegraph.co.uk/business/2024/09/09/mario-draghi-cannot-save-eu-failing-economy/) the former Italian prime minister. His report demanded a wider “industrial strategy for Europe”, involving €800 billion (£673 billion) in annual investment to prevent the EU from falling behind the US [and China](https://www.telegraph.co.uk/business/2024/06/21/europe-is-going-to-lose-its-trade-war-with-china/).
**Read more:** [**https://www.telegraph.co.uk/world-news/2024/10/03/eu-could-die-says-emmanuel-macron-us-china-nato/**](https://www.telegraph.co.uk/world-news/2024/10/03/eu-could-die-says-emmanuel-macron-us-china-nato/)
Good, it needs reform.
Definitely outsourcing jobs overseas is not the way for growth. Yes it saves on production costs(little to no savings for the consumer -go figure)
But you take away jobs which helps the consumers spend instead of relying on government support.
[deleted]
Well, that’s some good news!
Over regulating? That’s debatable
Best empower the political forces looking to destroy it…
In order to ensure our security and continuing stability, the EU will be reorganised into the First European Empire, for a safe and secure society.
A lot of this is why Brexit happened, angry people with no future but continued decline. Ironically this very paper incited them to blame EU membership. On a flip side things like banning aspects of ai are not helping the view of EU over regulation.
We’re not an federation, because of that there’s no real budget, it doesen’t stop countries doing big projects together though. But yes we’ve already regulated away any chance for success.
Got them taxed to death all over. Now he’s “concerned”✌️
Or, worse still, it could become a far right monstrosity.
Thank god
Honestly brexit was a slow wound that’s unlikely to ever heal, the UK was pretty critical in balancing the avarice of France and Germany with the needs of the wider body and had invested years building up the relationships with the newer members.
The value add from the UK had very little to do with anything economic or scientific, although both helped. It was far more to do with the internal politics and power dynamics and the fact they played the honest broker and had the clout to organise the new members against Germany and France when it mattered from a position of it often not mattering to them except in principle.
Ever since you’ve seen a March to the right and the EU losing its grip as Germany and France had to work against decades of emnity created from having their hands in the cookie jar. And ironically brexit showed how hard leaving is, which meant countries that actually should leave maybe come back or not and may have aren’t leaving.
I’ve been a big advocate for the EU, but post brexit and given the current political situation inside and out I’m not sure the EU is able to do what it needs to given what it needs to do is something it’s never been able to achieve during times.when it was better able to do it.
Emmanuel 😒
Macron is a neoliberal in a world where neoliberalism has lost all popular support. Europeans are not going to copy the inhuman working standards of the US and China. Especially not to make Macron’s finance buddies richer.
The irony of a socialist like Macron complaining about over regulation and under investment … just wow.
“Things might burn down” warns known arsonist
Perhaps we should all strife for Federalism then?
Lol it’s already dead Macron, and you rly killed France too.
Excellent, the sooner this socialist globalist cabal is dismantled the better
Maybe it should, a strong economy that leaves people behind is no strong economy at all.
No shit. And you and your “progressive” buddies caused that, Macron. What did you think bringing in tens of millions of middle eastern men was going to do? Bring “wonderful, sweet diversity” and everyone would sing kumbayah in the street together??
The EU could certainly use a reformation. It is too big and too corrupt. It must be redesigned and have 100% funding transparency . Every single euro must be accounted for and let´s then see if anyone is still interested in working at the EU parlament.
It’s yet another example of what us people need VS what the elites want. This EU is a travesty, a neoliberal scheme to keep wealth flowing upwards.
I would love a union formed by citizens, collaborative, supportive.
Yeah, I dream of the death of capitalism. The death of this EU is a step in that direction.