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Yeah, Europe needs to find its mojo again, that's for sure. But I wouldn't blame the EU for that. There was a general preference for consumption vs investment, if anything the EU was driving investment more than member states.

The rearmament might actually inject a good chunk of investment - let's see.

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The EU itself imposed a limit of deficit spending to 3% GDP

The Eurozone included economies as diverse as Greece, Spain, Lithuania and Germany

These are some of the self-contradictions I'm referring to.

And the basic issue is that you cannot have a single monetary policy and impose half a fiscal policy, without political unification. And IMO that will never be squared.

I suppose the new glaring contradiction is that environmental policy and net zero policy has primacy (rightly in my view), but now so does making bombs.

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