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

  • Bitcoin mining giant Riot platforms rakes in $31M in shocking power credits

    TL;DR Breakdown Riot Platforms made headlines in August by reporting a decrease in the number of Bitcoins mined compared to the previous month, but the real eye-popping figure was the $31 million worth of power credits they received. Riot Platforms shared key insights into their power strategy in a presentation released on September 6th a strategy which hinges on three distinct mechanisms, all intricately tied to their long-term contract with ERCOT. Description In the world of Bitcoin mining, Riot Platforms made headlines in August by reporting a decrease in the number of Bitcoins mined compared to the previous month, but the real eye-popping figure was the $31 million worth of power credits they received. CEO Jason Les underscored this astonishing achievement, noting that the credits were equivalent … Read more In the world of Bitcoin mining, Riot Platforms made headlines in August by reporting a decrease in the number of Bitcoins mined compared to the previous month, but the real eye-popping figure was the $31 million worth of power credits they received. CEO Jason Les underscored this astonishing achievement, noting…

    Article 2023年9月7日
  • Ethereum Price Prediction 2023-2032: Will ETH reach $8000 soon?

    Contents hide 1 How much is Ethereum worth? 2 Ethereum Recent News 3 Ethereum price analysis: ETH shows resilience, forms a bullish cup and handle pattern 4 Ethereum Price Predictions 2023-2032 4.1 Ethereum Price Prediction 2023 4.2 Ethereum Price Prediction 2024 4.3 Ethereum Price Prediction 2025 4.4 Ethereum Price Prediction 2026 4.5 Ethereum Price Prediction 2027 4.6 Ethereum Price Prediction 2028 4.7 Ethereum Price Prediction 2029 4.8 Ethereum Price Prediction 2030 4.9 Ethereum Price Prediction 2031 4.10 Ethereum Price Prediction 2032 5 Currency Overview 6 Ethereum Price History 7 Ethereum Recent News/Opinions 8 More on the Ethereum Network 8.1 Ethereum Merge 8.2 Merging with Mainnet 8.3 The Merge and Sharding 8.4 What’s Ethereum Triple Halving? 8.5 Welcome to Rollup-Centric Ethereum 8.6 Ethereum Virtual Machine 8.7 Liquidity Depth of Ethereum 8.8 ETH’s Fundamental Analysis 8.9 2014 – 2016 8.10 2017 – 2019 8.11 2019 – 2021 9 Conclusion Ethereum Price Prediction 2023-2032 Ethereum Price Prediction 2023 – up to $2,768 Ethereum Price Prediction 2026 – up to $8,246 Ethereum Price Prediction 2029 – up to $24,515 Ethereum Price Prediction 2032 –…

    Article 2023年5月18日
  • Fed survey: Consumer inflation expectations fall across all horizons

    TL;DR Breakdown The Federal Reserve Bank of New York survey has revealed reduced inflation expectations across short, medium, and long-term horizons. At the one-year-ahead horizon, inflation expectations have shifted from 3.8% to 3.5%, while at both the three-year and five-year-ahead horizons, they have decreased from 3.0% to 2.9%. Description The July 2023 edition of the Survey of Consumer Expectations, presented by the Center for Microeconomic Data at the Federal Reserve Bank of New York, has revealed a reduction in inflation expectations across short, medium, and long-term horizons. Anticipated price increases for essential items like food, medical care, and rent within the upcoming year have … Read more The July 2023 edition of the Survey of Consumer Expectations, presented by the Center for Microeconomic Data at the Federal Reserve Bank of New York, has revealed a reduction in inflation expectations across short, medium, and long-term horizons. Anticipated price increases for essential items like food, medical care, and rent within the upcoming year have reached their lowest points since at least the beginning of 2021.  Meanwhile, confidence in the labor market outlook…

    Article 2023年8月15日
  • Ripple study: Blockchain poised to cut $10 billion in cross-border payment costs by 2030

    TL;DR Breakdown A new study by Ripple and US Faster Payments Council predicts blockchain’s potential to save $10B in cross-border payments by 2030. 97% of financial experts believe blockchain will revolutionize international finance with faster payment methods. Most respondents see lower payment fees as the primary advantage of adopting cryptocurrencies. Description According to a new study released on July 29 by Ripple, a leading crypto firm, and the US Faster Payments Council (FPC), blockchain technology is poised to revolutionize the international financial system, potentially saving up to $10 billion in cross-border payment costs by 2030 if embraced by global financial institutions. The study, based on the … Read more According to a new study released on July 29 by Ripple, a leading crypto firm, and the US Faster Payments Council (FPC), blockchain technology is poised to revolutionize the international financial system, potentially saving up to $10 billion in cross-border payment costs by 2030 if embraced by global financial institutions. The study, based on the perspectives of 300 financial experts from 45 countries, including professionals from fintech, traditional banking, media, consumer…

    Article 2023年7月30日
  • Unraveling America’s economic policy: Why it truly matters

    TL;DR Breakdown The U.S. economic policy often shifts, reflecting its complex financial landscape. Current economic policies mirror the nation’s divided society and polarized politics. Recent shifts towards protectionism raise concerns about a possible recession. In the realm of global finance, the economy of the United States of America is analogous to a chameleon—constantly shifting, adapting, and leading the world on an economic dance that’s sometimes hard to follow. At one moment, the narrative centers on the Federal Reserve and the banking industry, at another, the dialogue shifts towards industrial policy and international relations, most notably with China. This constant metamorphosis of economic focus is the result of the intricate and often conflicting components that shape the financial landscape of America. The fragmented triad: Monetary, industrial, and fiscal policy in America One could consider the economic policy of the United States a triptych, composed of monetary, industrial, and fiscal policies. However, these aren’t harmonious pieces of a grand design. They often diverge in their objectives and mechanisms, functioning within different paradigms and frequently contradicting one another. The Federal Reserve hones in…

    Article 2023年6月8日
TOP