The European Union (EU) is once again lecturing America on its economic policies, and thanks to President Obama’s policies and his allies in Congress, the EU is right and America is wrong. Europe, like the United States, is plunging into recession. France saw a stunning 13.8 percent decline in industrial …
Dangerous currents advocating protectionism are alive and well on both sides of the Atlantic. A “Buy American” clause in the latest U.S. stimulus package may have been eased to avoid violation of bilateral trade agreements, but its protectionist intentions remain. But the European Union is in no position to lecture …
In the UK Guardian last month, a leading European energy executive warned that Europe’s carbon market was becoming a “new type of sub-prime tool.” More analysis from the article: The EU’s emissions trading scheme was set up as a market solution to cut greenhouse gas pollution from industry. Polluters were …
Right now, the world has too little capital, too few jobs, and too little growth. So what do Europe’s leaders want to do? Press for yet more job-killing regulation and more investment-stifling oversight, with a heaping helping of “global governance” on top. If this wasn’t so dangerous, it would be …
The European Parliament has voted in favor of creating a European army. Although the initiative has a typically innocuous sounding acronym, SAFE (Synchronized Armed Forces Europe) it represents a major step toward the EU’s takeover of Member States’ armed forces. SAFE will be directed by an EU directorate, with its …
Czech President Vaclav Klaus, an EU Head of State and current President of the European Council, has been dealt another vicious insult by the European Parliament. Speaking before the plenary session in Brussels yesterday, he criticized the juggernaut of EU integration and the democratic deficit felt between the EU and …
Like all international bodies, the European Union is concerned about public diplomacy. So in order to communicate its message more effectively, the European Parliament launched its own internet-based TV Channel this September – “Europarl-TV”. At a cost of €40 million (c. $50 million) over four years, the Parliament’s Vice-President for …
Does the financial crisis reveal a failure of American deregulation compared to better conceived European regulatory schemes? This thesis is shared by many, especially here in Europe where some see the current financial crisis as the proof of the superiority of the European “social market economy” over “cow-boy capitalism”. This …
The ongoing row between Russia and Ukraine over natural gas supplies to Europe appears to be deepening. This comes just days after the European Union announced what was supposed to be a breakthrough agreement to get gas flowing again to at least 15 European countries, leaving millions in the cold. …
