The Eurozone economy is in bad shape. It’s like a sick person stuck in bed. Everything seems to be going wrong. In the first quarter of 2023, the Eurozone’s GDP only grew by 0.1%. That’s not much at all.
Spain and Italy managed a small expansion of 0.5%, while France did a bit better with 0.2%.
But Germany, the powerhouse of Europe, didn’t grow at all. Overall, it’s safe to say that the Eurozone economy is stagnant. And so, It’s not at all a good situation.
Germany, the economic powerhouse of Europe, is facing a tough time as major companies are leaving the country due to a weak outlook. Where are they heading? Well, it seems like the United States is the place to be.
European firms in industries such as steel and fertilizer are packing their bags and moving to the US. Why? It’s all about stable energy prices and generous government support. Subsidies can work wonders!
The Calls to Fight Back
As this trend continues, there are growing calls within the EU for the European Union to step up its game and resist this exodus. However, EU Commissioner Ursula Von Der Leyen doesn’t seem to be in the mood for that.
Ursula Von Der Leyen has always been seen as a politician with a strong bond to the United States, earning her the label of a deep-state politician. And now, she’s proven that her love for America is genuine. In a historic move, an American expert will be joining the EU.
Fiona Scott Morton, known for being one of the world’s top economists in her field, with an impressive academic background and a track record of public service, has been appointed as the European Commission’s chief competition economist. However, this decision has faced opposition, mostly from French politicians.
The Commission’s decision to bring in Scott Morton, a professor from Yale University, has sparked a controversy. Why? Well, she’s an American citizen, making her the first non-EU person to hold such a high-ranking Commission position. And there’s more to it.
She has a track record of consulting for big technology companies, including her recent work with Microsoft on its Activision deal. Now, she’s stepping into a role where she’ll primarily advise on investigations and regulations targeting major American tech giants.
An American Insider
Scott Morton isn’t just any economist. She’s also a former U.S. antitrust regulator and a well-respected academic who has reignited the United States’ focus on curbing the market power of large corporations, especially in the realm of Big Tech.
But. Wait a minute. We’ve got an interesting situation here. Apparently, an American economist is being brought in to help Ursula and Brussels reduce competition. But let’s be real, do we really think that’s going to happen?
America may say they’re all about democracy and fair share, but are they really? Never, it seems like they just want to make everyone their puppet. And now Biden wants the EU to be America’s little puppet too.
Ursula’s choice of an American insider to help the EU reduce dependence is raising some eyebrows.
The appointment of an American economist to assist Ursula and Brussels in reducing competition raises doubts about the intentions behind it. It’s a situation that seems suspicious and potentially fixed from the start. We’ll have to wait and see how this unfolds, as the truth behind the scenes may be more revealing than we anticipate.