Macron Warns EU ‘could die’
France's Emmanuel Macron expresses concern that the European Union is lagging behind the US and China because of excessive regulation and insufficient investment. Read Full Article at RT.com
TroibNews 
**The EU Faces Economic Challenges Amid Over-Regulation**
The EU economy must enhance its competitiveness against the US and China, or it "could die," warned French President Emmanuel Macron at the Berlin Global Dialogue event on Wednesday.
Macron pointed out that the 27-nation bloc is lagging behind Washington and Beijing, which have surpassed the EU in terms of economic output and investment.
He expressed concern about the precarious situation of the European Union, stating that it could encounter significant issues if it does not strengthen its single market and address “fragmentation.”
"The EU could die, we are on a 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."
Additionally, Macron cautioned that without urgent regulatory reforms, the EU may need to initiate a rescue plan within five to ten years.
He urged member states to advocate for fair global trade rules and called for Brussels to finalize its banking union package of financial regulations, according to Bloomberg.
Macron's comments reflect concerns raised in Mario Draghi’s recent “economic competitiveness” report. The former European Central Bank president and Italian prime minister indicated that the EU requires €800 billion in annual investment—approximately 4.5% of the entire bloc’s GDP—to merely keep pace with the US and China.
Debra A Smith for TROIB News
The EU economy must enhance its competitiveness against the US and China, or it "could die," warned French President Emmanuel Macron at the Berlin Global Dialogue event on Wednesday.
Macron pointed out that the 27-nation bloc is lagging behind Washington and Beijing, which have surpassed the EU in terms of economic output and investment.
He expressed concern about the precarious situation of the European Union, stating that it could encounter significant issues if it does not strengthen its single market and address “fragmentation.”
"The EU could die, we are on a 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."
Additionally, Macron cautioned that without urgent regulatory reforms, the EU may need to initiate a rescue plan within five to ten years.
He urged member states to advocate for fair global trade rules and called for Brussels to finalize its banking union package of financial regulations, according to Bloomberg.
Macron's comments reflect concerns raised in Mario Draghi’s recent “economic competitiveness” report. The former European Central Bank president and Italian prime minister indicated that the EU requires €800 billion in annual investment—approximately 4.5% of the entire bloc’s GDP—to merely keep pace with the US and China.
Debra A Smith for TROIB News
