Multipolarity
Premium Episode: EU On Manoeuvres, feat: "The ECB Plot To Rein In Europe's Rogue States" & "The Atlanticists' Diplomatic Coup"
Jun 27, 2024
Exploring the power struggle in the EU administration between Atlanticists and Autonomists, the potential Trussification within the European Central Bank, and its impact on the upcoming French election and European dynamics.
06:26
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Quick takeaways
- Trustification of politics in Europe is causing elite panic over potential far-right influence on markets.
- The European Central Bank's unique setup allows for significant power in stabilizing debt markets and raises concerns about adopting 'trust' approaches.
Deep dives
Trustification of Politics in Europe
Recent events in Europe, especially in France with the upcoming elections, indicate a shift towards 'trustification' of politics, similar to previous discussions on the theme in the United States. The loss of Emmanuel Macron's party in elections has caused panic in elite circles, leading to comparisons with UK Prime Minister Liz Truss and her downfall due to a spending plan. The French economy's vulnerability and headlines questioning far-right influence on markets suggest a growing trend of 'trust' crisis, impacting the Eurozone and challenging ECB intervention.
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