EU got some tricks up its sleeve: Close look at the big moves

Description

The European Union, often viewed with a British lens focused on bickering and disputes, is much more than its momentary discord. While some may fixate on these internal disagreements, they’re simply missing the bigger picture: the EU is evolving, and it’s doing so rapidly. EU shifting tides post-Brexit The Brexit year, 2016, was mired with … Read more

The European Union, often viewed with a British lens focused on bickering and disputes, is much more than its momentary discord. While some may fixate on these internal disagreements, they’re simply missing the bigger picture: the EU is evolving, and it’s doing so rapidly.

EU shifting tides post-Brexit

The Brexit year, 2016, was mired with ominous forecasts that the EU would disintegrate due to its overreaching presence in national matters.

Pessimists argued that a Brexit would soon result in a Frexit, and the entire European edifice would crumble. This was nothing more than wishful thinking for those with a disdain for European unity. However, reality paints a different picture.

Instead of fragmenting, the EU has taken significant strides forward in recent years. What once were sovereign nations adamant about their individual identities are now tilting the scales towards more unified decisions in Brussels.

The very areas they held sacrosanct from EU intervention – health, national defense, and border security – are gradually integrating within the broad framework of the Union.

Expanding horizons: Defense, health, and economics

The 2015 Syrian refugee crisis was a wake-up call. Individual nations realized their inability to manage national borders alone. For the EU, ensuring seamless movement within its territory meant ramping up joint supervision of its outer boundaries.

To put it in perspective, Frontex, the European border and coast guard agency, saw its budget soar by five times between 2015 to 2022.

Meanwhile, the UK, in its quest to “take back control” post-Brexit, ironically discovered that efficient border management actually requires collaboration, especially with EU nations like France.

The pandemic further highlighted the importance of a cohesive strategy. The once nation-bound health policies were in dire need of a unified front.

The widespread inadequacy of national pandemic responses served as a grim reminder, solidifying the European Commission’s central role in orchestrating an EU-wide public health approach.

Moreover, the EU’s economic strategies have been reshaped in the face of crises. Remember the euro crisis between 2009-2012? Germany was staunchly against pooling debt within the eurozone.

But the €672 billion Covid recovery fund obliterated that stand. The eurozone is now inching towards being not just a monetary union but an economic one as well.

Russia’s aggression towards Ukraine ushered in a new chapter for the EU’s defense aspirations. The age-old debate about a European army is finally settling. Although it’s not labeled as the ‘EU army’, Europe is becoming a formidable defense pillar within NATO’s collective shield.

There’s a newfound realization of pooling military resources, streamlining equipment procurement, and channeling coordinated aid, all under the EU’s umbrella.

This transformation isn’t merely Brussels flexing its muscles. Yes, Ursula von der Leyen’s determined leadership has been pivotal. However, it’s the nations themselves pushing for this paradigm shift, recognizing that collaboration trumps isolated action.

Whether it’s financial turmoil, mass migration, health crises, or geopolitical threats, the message is clear: united, they stand stronger.

Thirty years ago, historian Alan Milward argued that post-war European integration was the strategy sovereign nations adopted to address the era’s economic and political challenges.

Fast forward to today, and history seems to be repeating itself, but with renewed vigor and a broader vision.

The EU isn’t just making big moves; it’s making the right moves, irrespective of the cynics who fail to see beyond the immediate squabbles. They’ve got some serious tricks up their sleeves, and it would be naive to think otherwise.

Disclaimer: The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decision.

文章来源于互联网:EU got some tricks up its sleeve: Close look at the big moves

Disclaimers:

1. You are solely responsible for your investment decisions and this info is not liable for any losses you may incur.

2. The copyright of this article belongs to the writer, it represents the writer's opinions only, not represents the site's ones. Not financial advice.

Previous 2023年8月17日 22:36
Next 2023年8月18日 01:05

Related articles

  • SEC goes after Quantstamp for $28M ICO – A Ripple replay?

    TL;DR Breakdown The United States SEC has shifted focus from Ripple to Quantstamp for offenses dating 6 years back. Quantstamp has agreed to settle charges with the Commission and will repay proceeds from its 2017 ICO that raised $28 million. The Commission’s decree stipulates the establishment of a “Fair Fund” to reimburse affected investors. Description In the wake of the recent legal dispute between the U.S. Securities and Exchange Commission and Ripple, the agency has now turned its attention to Quantstamp, a blockchain security company, and filed charges of alleged violations extending back six years.  The Commission asserts that Quantstamp enticed investors by promising that the token’s value would increase … Read more In the wake of the recent legal dispute between the U.S. Securities and Exchange Commission and Ripple, the agency has now turned its attention to Quantstamp, a blockchain security company, and filed charges of alleged violations extending back six years.  The Commission asserts that Quantstamp enticed investors by promising that the token’s value would increase proportionally to the project’s success. SEC will not stop coming after crypto…

    Article 2023年7月27日
  • Unveiling the top crypto hubs in 2023: Optimal locations for freedom, productivity, and favorable tax laws

    TL;DR Breakdown According to a new analysis that evaluated international tax jurisdictions worldwide, Europe has successfully established itself as one of the leading global crypto hubs. The research ranks countries and regions and identifies trends, all while providing in-depth data on each country’s tax structure for digital assets. Description Crypto hubs are taking different shapes and forms in 2023. Crypto enthusiasts and entrepreneurs search for the best areas to blend independence, productivity, and advantageous tax legislation in a world where digital currency disrupts financial systems.  Since 2023 is building up to be a milestone year for blockchain and decentralized finance, it’s time to highlight … Read more Crypto hubs are taking different shapes and forms in 2023. Crypto enthusiasts and entrepreneurs search for the best areas to blend independence, productivity, and advantageous tax legislation in a world where digital currency disrupts financial systems.  Since 2023 is building up to be a milestone year for blockchain and decentralized finance, it’s time to highlight the main crypto hubs that have emerged as the inventive and wealthy core of the sector. These centers…

    Article 2023年7月1日
  • Unpacking FTX’s stunning asset holdings – A deep dive

    TL;DR Breakdown FTX’s estate is valued at nearly $7 billion, including $1.16 billion in Solana (SOL). The exchange also holds 38 properties in the Bahamas, valued close to $200 million. FTX once had $560 million in Bitcoin (BTC). There were financial transfers of $2.2 billion in assets to former CEO Sam Bankman-Fried and top executives just before bankruptcy filings. Description In the whirlwind world of digital assets, few stories have been as electrifying as the rise and catastrophic fall of FTX. With an estate reportedly worth almost $7 billion, understanding the depth of its assets is akin to diving into a treasure trove of intrigue, punctuated with surprising discoveries. The cryptocurrency exchange, once among the … Read more In the whirlwind world of digital assets, few stories have been as electrifying as the rise and catastrophic fall of FTX. With an estate reportedly worth almost $7 billion, understanding the depth of its assets is akin to diving into a treasure trove of intrigue, punctuated with surprising discoveries. The cryptocurrency exchange, once among the global elites, now stands as a cautionary…

    Article 2023年9月13日
  • Homefront squeeze: Escalating US housing costs amidst worrying inflation

    TL;DR Breakdown Rising housing costs are adding to the economic strain Americans feel, particularly with expenses like gas and groceries already rising due to inflation. There’s a notable gap between official data showing cooling inflation indicators and the lived experiences of consumers facing rising costs for essentials. The housing market’s ongoing tightness may persist, potentially leading to slower, more stable price increases in the future. Description The impact of inflation is felt by Americans, especially in expenses like gas and groceries. While inflation has moderated compared to a year ago, housing costs, categorized under shelter, significantly contribute to the overall Consumer Price Index (CPI) increase. In August, shelter costs rose by 0.3%, marking the 40th consecutive monthly increase and showing a … Read more The impact of inflation is felt by Americans, especially in expenses like gas and groceries. While inflation has moderated compared to a year ago, housing costs, categorized under shelter, significantly contribute to the overall Consumer Price Index (CPI) increase. In August, shelter costs rose by 0.3%, marking the 40th consecutive monthly increase and showing a 7.3%…

    Article 2023年9月25日
  • Goldman Sachs snags UK and US firms with Chinese state funds

    Description Amid a backdrop of escalating tensions between Beijing and the West, the renowned Wall Street institution, Goldman Sachs, deftly maneuvered Chinese state funds to acquire a selection of American and British businesses. Intriguingly, this strategic move included the acquisition of a cybersecurity firm known for servicing the British government. Subtle Power Moves: Unpacking Goldman Sachs’ … Read more Amid a backdrop of escalating tensions between Beijing and the West, the renowned Wall Street institution, Goldman Sachs, deftly maneuvered Chinese state funds to acquire a selection of American and British businesses. Intriguingly, this strategic move included the acquisition of a cybersecurity firm known for servicing the British government. Subtle Power Moves: Unpacking Goldman Sachs’ Strategy Goldman Sachs, over time, has finalized seven key deals utilizing the monetary resources from their private equity “partnership fund”. This $2.5bn fund was a 2017 collaboration with China’s sovereign wealth repository, the China Investment Corporation (CIC). Those in the know suggest that among these acquisitions were companies specializing in global supply chain tracking, cloud computing consultancy, drug testing, and state-of-the-art systems integral for drones, AI,…

    Article 2023年8月31日
TOP