DrJLT Economics: Three Causes of EU's Decade of Stagnation E006

The EU is entering a decade of stagnation with three core causes:

1. Distortion of the market signal as a result of poorly-conceived over-regulation. This is evident in the labor market, manufacturing and services, and financial markets.

2. A combination of irresponsible fiscal policies with poorly-designed Eurozone: Countries lose the power of monetary policy but are incentivized to misbehave.

3. Wasteful bureaucratic overhead that costs more than the value it provides.

Unless decisive and drastic reform is undertaken, the decade of stagnation will lead to the unravelling of the bloc.

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