French Prime Minister says: “Europe Is Falling Apart”

After years of blythely ignoring years of economic stagnation, social deterioration, and an unemployment rate which stubbornly refuses to fall below double-digits for countries like Greece, Spain and Italy, Europe appears to have finally been shocked into recognising the reality of its situation by Brexit and the Trump election in the USA. Bureaucrats have responded with their usual tactic, scaremongering. Do as we say or you’ll be sorry say the unelected pen pushers who have been chief advocates of scrapping the sovereignty of member states and merging all twenty eight nations, from mighty Germand and proud france at one end of the scale to little Malta at the other. Case in point: French prime minister Manuel Valls, who speaking in Berlin, said that the European Union is in danger of breaking apart unless France and Germany, in particular, work harder to stimulate growth and employment and heed citizens’ concerns.

“Europe is in danger of falling apart,” Valls said at an event organized by the Sueddeutsche Zeitung newspaper. “So Germany and France have a huge responsibility.”

Translation: confirming what we have said for years, the ECB did nothing for the economy while propping up markets and banks, and now it is time to actually focus on the people, ideally by launching a massive fiscal spending stimulus funded by borrowing vast sums of money from global banks.

Today Reuters reported M. Valls said it fell on Germany and France, for decades the axis around which the EU revolved, to help refocus the bloc to tackle an immigration crisis, a lack of solidarity between member states, Britain’s looming exit, and terrorism.

He said France must continue to open up its economy, not least by cutting corporate taxation, while Germany and the EU as a whole must increase investment that would stimulate growth and job creation, as well as boosting defense.

Taking a stab at the UK, Valls said that as Britain seeks to negotiate its post-Brexit relationship with the EU, hoping to restrict immigration from the EU while maintaining as much access as possible to the EU single market, it must be prevented from cherry-picking.

“If they are able to have all the advantages of Europe without the inconveniences, then we are opening a window for others to leave the European Union,” Valls said. Immigration was one of the main drivers of Britons’ vote to leave the EU, and Valls said the bloc, which more than a million migrants entered last year, had to regain control of its borders.

Still, confirming that the lessons of Brexit and the US election are finally seeping through, Valls said the Brexit vote and Donald Trump’s election victory showed how important it was to listen to angry citizens, and that “politicians scared of making decisions were opening the door to populists and demagogues.”

In France, opinion polls tell us that the anti-EU, anti-immigration National Front leader Marine Le Pen will win the first round of the presidential election next April, before losing the runoff to an as yet unknown candidate. However, if there is anything the past 6 months have demonstrated, it is how wrong they are at predicting black swan events such as a possible Le Pen presidency.

 
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