European 🇪🇺

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Joined 3 years ago
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Cake day: June 10th, 2023

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  • It really does captures the sentiments concerning Brexit’s 10th anniversary:

    "For Britain, Brexit remains unfinished business. For Europe, it is history.

    Ten years after the referendum, Brussels is no longer asking whether Brexit was a mistake. Most officials believe that question was answered long ago.

    Instead, they are waiting for Britain to figure out what comes next.

    Until then, the view from across the Channel is likely to remain unchanged: regret for what was lost, disbelief at what followed, and growing impatience with a country that still cannot decide what it wants to be."



  • TL;DR; imo the article is all over the place. It has some good points, but fails to create a coherent analysis and conclusion.

    This article has a very particular take, I checked the Journalist, Lucie ROBEQUAIN, who works for a libertanian LVMH owned newspaper Echo. Nothing too weird. But I guess it’s the way pro and contra arguments are presented which make it somewhat cringe. Some examples here;

    1. Europe will have to make up for several years of lag behind America.

    Lagging is imo a description out of context. EU had and has adopted USA services because that worked, and were safe and reliable. Since, geopolitics changed that, we now need to become more sovereign.

    1. Can the digital euro reverse the trend? Scepticism prevails, at least for the time being: firstly, because it will not be introduced until 2029, and is therefore coming far too late to counter US hegemony. Secondly, because European consumers already have numerous payment methods at their disposal (cash, bank cards, bank transfers, cheques, Apple Pay, etc.) and do not necessarily feel the need to adopt a new one.

    Again, a weird argument if payment becomes cheaper via the European method even if thats in 2029, and due to the current sentiment, I’m sure Europens will adopt any good non- USA payment product.

    1. ‘Wero’, which enables instant money transfers between friends and will soon be extended to online shopping. According to them, the ECB, which is leading the digital euro project, is not necessarily best placed to develop disruptive technologies to compete

    Wero is a separate payment method afaik, though commercially driven, it’s not competing with the digital euro, but can be used in parallel, conjunction or as an alternative.

    1. “The role of the euro could grow:

    This was about euro being used as a stable coins. Sure , the role will grow when it’s being used more and become more accessible to third countries.










  • CONTEXT: In recent years, the EU has struggled to rein in democratic backsliding in several countries that joined the bloc in 2004, most notably Hungary, Poland and Slovakia.

    The crisis has exposed the limited leverage Brussels retains once the accession process—already defined by exceptionally high admission standards—is completed.

    PROPOSAL 1 ( leverage against backsliding by freezing funds) The paper aims to create leverage in the years immediately after accession by codifying a “non-regression clause” as a “binding norm” for new member states. Should regression happen, the EU would be empowered to take “protective measures” beyond the tools it has today, namely the infringement procedure and the freezing of funds.

    PROPOSAL 2 ( no vetopower by a majority vote suspension) Additionally, the document proposes to simplify Article 7 of the EU treaties to deal with serious breaches of fundamental values.The document says the suspension of voting rights should be possible with just a 4/5th majority to enable faster action if a new member backslides.