January 27, 2005


One EU future, 25 views on the path (Paul Meller, January 27, 2005, International Herald Tribune)

After a decade of big political projects, the European Union should devote the next five years to reversing the Continent's relative economic decline in the world, the president of the European Commission, José Manuel Barroso, said Wednesday in a speech outlining his plans to make Europe more "business friendly."

But powerful blocs in the European Parliament, which has increasing influence over EU legislation, warned Barroso against straying too far toward a "neoconservative" agenda in his quest to revive the EU economy, illustrating the political difficulties he faces in passing his programs - and getting the 25 EU countries to sign on to them.

"The top priority today is to restore sustainable dynamic growth and jobs in Europe," Barroso told Parliament.

Geez, given European anti-Semitism it always makes sense to attack a given foreign policy as neoconservative, but do you really want to hand them credit for Capitalism?

Posted by Orrin Judd at January 27, 2005 10:36 AM

The division in Europe between the no-growth, ZPG economies where it's all about subsidizing inefficient farms, factories and businesses and the poorer, high unemployment economies of most of Europe will destroy the EU as any more than a very loose Zollverein within a decade or two.

Posted by: Bart at January 27, 2005 11:16 AM

The Euro is high because they have tightend their collar to keep their head from falling off. The Dollar represents the only healthy G8 economy.

Posted by: Robert Schwartz at January 27, 2005 8:35 PM