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In the past decade, the hope that the European Union could win some measure of military or financial independence from America has proved illusory. Instead, the continent has slid into ever deeper dependence on the United States. Yet such a drift will accelerate rather than halt the decline European Union leaders bemoan; bulk buying American weapons and energy, for instance, will not make European industry world leading again.
~ Anton Jäger via The New York Times

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It is with good reason that the economic historian Adam Tooze has castigated European Union technocrats as “the Taliban of neoliberalism” for their intransigent attachment to market principles in an age that has declared them obsolete. Jettisoning this dogma is crucial; loosening the fiscal rules for member states would facilitate economic catch-up, on the back of a serious strategy of public investment.
~ Anton Jäger via The New York Times

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