DrJLT Economics: Three Actions the EU Can Do to Stop Stagnation E007

To dig itself out of the decade of stagnation I foretold in the previous episode, the EU needs to change in three aspects:

1. Cost every regulation and cut the ones that are economically unsound. This includes pricing in externalities and social surpluses, with special emphasis on the natural environment and renewable energy.
2. Heavily indebted nations must default on their debts. The ECB must stop QE. A mechanism for countries to exit the Eurozone orderly must be introduced.
3. Cut bureaucracy: the government should exist only where it provides more value than it costs.

Regrettably, I do not foresee the EU capable of these changes. As a result, it is very likely to fall apart within the next decades.

The previous episode:    • DrJLT Economics: Three Causes of EU's...  
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