Macron Warns EU ‘Could Die’ Within 3 Years Due to Overregulation, Welfare Burden, Underinvestment

Published on October 3, 2024

French President Emmanuel Macron issued a stark warning on Wednesday, stating that the European Union (EU) faces existential risks in the next two to three years unless it drastically reforms its regulatory framework, bolsters investment, and addresses unsustainably high social spending. Macron made the remarks during a panel discussion at a conference in Berlin on Oct. 2, warning that the EU’s current economic model is unsustainable. Without urgent reform, he cautioned, the bloc risks losing its competitive edge, falling significantly behind global powers like China and the United States, and ultimately sinking into economic irrelevance. “Our former model is over,” Macron declared. “We are overregulating and underinvesting. In the two to three years to come, if we follow our classical agenda, we will be out of the market.”...

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