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

  • Kim Kardashian Faces Advancement of Lawsuit over Alleged Cryptocurrency Hype Scam

    TL;DR Breakdown Kim Kardashian’s attempt to dismiss a lawsuit accusing her of falsely hyping EthereumMax (EMAX) cryptocurrency has been rejected by a judge. Investors can revise their allegations of paying inflated prices for EMAX tokens, while Floyd Mayweather Jr. receives a partial victory but still faces claims related to undisclosed paid promotion. [Date], [City]: A recent legal battle involving renowned celebrity Kim Kardashian and the controversial cryptocurrency EthereumMax (EMAX) has taken a significant turn, as US District Judge Michael Fitzgerald rejected Kardashian’s motion to dismiss a lawsuit filed against her. The lawsuit alleges that Kardashian engaged in deceptive practices by falsely promoting EMAX tokens, leading investors to pay inflated prices for the digital assets. While boxer Floyd Mayweather Jr., also named in the lawsuit, received a more favorable ruling from the judge, investors are now granted an opportunity to revise and refile their allegations against him for failing to disclose his paid promotion of EMAX. Contents hide 1 Kardashian’s Failed Dismissal Motion Highlights Alleged False Advertising 2 Mayweather Receives Partial Reprieve, Disclosure Claims to Be Reviewed 3 A Chance for…

    Article 2023年6月12日
  • OpenAI launches ‘superalignment’ team to tackle superintelligence risks head-on

    TL;DR Breakdown OpenAI is raising awareness about the risks of AI superintelligence and forming a dedicated team to address these concerns. The company emphasizes aligning superintelligence with human values and intentions and establishing new governance institutions. OpenAI acknowledges that aligning AGI poses significant risks and may require a collective effort from humanity. Description OpenAI‘s CEO, Sam Altman, has embarked on a global campaign to raise awareness about the potential dangers of AI superintelligence, where machines surpass human intelligence and could become uncontrollable. In response to these concerns, OpenAI has recently announced the formation of a dedicated team tasked with developing methods to address the risks associated with superintelligence, … Read more OpenAI‘s CEO, Sam Altman, has embarked on a global campaign to raise awareness about the potential dangers of AI superintelligence, where machines surpass human intelligence and could become uncontrollable. In response to these concerns, OpenAI has recently announced the formation of a dedicated team tasked with developing methods to address the risks associated with superintelligence, which may emerge within this decade. The company emphasizes that effectively managing superintelligence requires…

    Article 2023年7月8日
  • Alibaba’s crypto-friendly transition: Joseph Tsai takes the helm as chairman

    TL;DR Breakdown Alibaba will soon launch crypto-related businesses under CEO Joseph Tsai, a crypto proponent. Having someone of this caliber at the helm of such a significant Chinese institution could indicate that Alibaba is preparing to adapt to the eventual rise of Web3 and Crypto in China. To facilitate licensed trading of digital assets, Hong Kong, a Special Administrative Region of the country, which currently enjoys limited autonomy, has proposed a set of crypto laws. Description One of Alibaba’s co-founders, Joseph Tsai, will take over as Chairman in September 2023, the company announced on June 20. Tsai’s rise provides a new storyline for crypto fans, as he is a vocal promoter of Bitcoin and an avid web3 investor. With Joseph Tsai, an outspoken proponent of Crypto, now at the helm of … Read more One of Alibaba’s co-founders, Joseph Tsai, will take over as Chairman in September 2023, the company announced on June 20. Tsai’s rise provides a new storyline for crypto fans, as he is a vocal promoter of Bitcoin and an avid web3 investor. Chinese tech giant Alibaba…

    Article 2023年6月23日
  • Nigeria to save $28 billion in two years after fuel subsidy removal, World Bank predicts

    TL;DR Breakdown Nigeria is set to save over 21 trillion naira ($28 billion) in two years following the removal of gasoline subsidies and allowing the currency to weaken, as per World Bank projections. The federal government has saved over N400 billion since the termination of gasoline subsidy on May 31, 2023, and an increase in gasoline price is expected following the decision to let the naira float against the US dollar. The World Bank supports these fiscal changes and advises further steps to increase non-oil revenue, reduce inflation, and expand social safety nets for the poor and most vulnerable. Description The Nigerian government is set to make substantial savings of over 21 trillion naira ($28 billion) over the next two years, according to the World Bank. This development is anticipated to relieve the financial burden facing President Bola Tinubu’s administration, which has been grappling with record fiscal deficits and ballooning debt-service responsibilities. Shattering subsidy chains … Read more The Nigerian government is set to make substantial savings of over 21 trillion naira ($28 billion) over the next two years, according…

    Article 2023年7月7日
  • Azuki introduces ‘Elementals’ collection, a new spin in the NFT markets

    TL;DR Breakdown Azuki announces Azuki Elementals, a new NFT collection inspired by earth, fire, lightning, and water. The collection includes 20,000 NFTs with varying rarity, and the pricing will be determined through a Dutch Auction. Existing Azuki NFT and BEANZ holders receive priority access, and a portion of the Elementals was airdropped during the “Follow the Rabbit” event in Las Vegas. Description Popular blue-chip non-fungible token (NFT) collection Azuki has launched its highly anticipated new collection, Azuki Elementals. The collection draws inspiration from the elements found within the Azuki ecosystem, namely earth, fire, lightning, and water. According to a press release, Azuki Elementals will consist of 20,000 NFTs, each with different levels of rarity traits that will … Read more Popular blue-chip non-fungible token (NFT) collection Azuki has launched its highly anticipated new collection, Azuki Elementals. The collection draws inspiration from the elements found within the Azuki ecosystem, namely earth, fire, lightning, and water. According to a press release, Azuki Elementals will consist of 20,000 NFTs, each with different levels of rarity traits that will be revealed upon minting. The…

    Article 2023年6月29日
TOP