(Finance) – Faced with a new economic and social crisis, in Europe we are once again talking about eurobonds. In Davos he did it French President Emmanuel Macronciting the need for finance “certain priorities”. From the management of migrants to common defence, from critical infrastructures to health: there are many fronts that the EU should manage in a united way, as demonstrated by the Covid-19 pandemic and the resumption of migratory flows across the Mediterranean.
From the stage of the World Economic Forum, therefore, the number one of the Elysée stated that “We need more well-paid jobs” – an allusion to the collapse of purchasing power – e “more European public investments” also for a strengthening of “social” Europe.
“We need a stronger Europe of investments” remarked Macron, underlining that “it is not good to have a Europe completely dependent on the United States” nor from China or Russia, but “independence is important” because it will be necessary to “take bold decisions and be clear-headed”.
“The years 2024-2025 will be the ones in which Europe will be sovereign or not” – continued the President – “we will have to invest massively to reduce our dependence on critical technologies” and to “develop our defense capabilities”. “The world is rebuilding at full speed – he explained – and Europe has great difficulty keeping up, artificial intelligence, for example, is developing very rapidly and we have a huge problem on the price of energy. All this requires massive investments.”
Macron then mentioned theuse of eurobonds on “some big priorities”as happened during the pandemic with the Next Generation Eu. “Maybe we should dare again with Eurobonds,” said the head of the Elysée, adding “based on the results of recent years, I think we need to do much more.”
According to Macron, in Europe i savings are massive, but “misallocated and they end up in the wrong sectors, so it is necessary “Deepening the Capital Markets Union”.