In Brussels, as in Washington, nothing succeeds like failure. From Daniel Lacalle at dlacalle.com:
Many market participants appeared astonished to learn that Von Der Leyen and Scholz in Davos were steadfastly pursuing the policies that have severely damaged the EU. However, this is typical bureaucratic behaviour.
In a predictable move, EU bureaucrats have chosen to exploit the new Trump administration as an external enemy, rather than seizing the opportunity to unleash the immense potential of their economies. Bureaucrats do not care about results; they care about bureaucracy.
Ursula Von Der Leyen expressed her unwavering commitment to upholding the European Union’s climate and economic strategies when she asserted that “Europe will continue on its current path,” a stance marked by stagnation, high taxes, low competitiveness, and excessive debt. The Paris Agreement continues to be the best hope of all humanity,” she repeated. “Europe will stay the course and keep working with all nations that want to protect nature and stop global warming.” This statement is simply incorrect. The EU has used the Paris Climate Agreement as a tool for economic and social control, causing harm to its industrial and business infrastructure. In fact, the Paris Climate Agreement has achieved the opposite of its intended goals. The EU is now more dependent on imports of liquefied natural gas and coal to address supply challenges. European Union climate policies have only reduced emissions by crippling economic growth and industrial production.
