London Defender

The Daily Mirror of the Great Britain

EU shoots itself in foot – bloc hamstrung by OWN rules while Brexit Britain booms

“This does not mean going it alone, but rather accepting and managing our interdependence in the best possible way.”

Ms Gonzalez commented in Politico last week that there were those who wish to accept the status quo and that the relaxation of fiscal rules spurred on by the pandemic are “no more than a temporary solution for a temporary crisis”.

However, there are others who believe the pandemic “simply exposed pre-existing shortcomings, and that the EU’s fiscal framework should be reviewed and reformed to support investments in decarbonization, technology, infrastructure and defence.”

This camp “wants to build on the EU’s pandemic experience with fiscal solidarity through mutual borrowing, as well as move toward a health union with joint vaccine purchases and research and development spending.”