World News: France-Germany Lead EU, Agree to Recovery Plan

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Category: World News - Europe

Published on Wednesday, 22 July 2020 10:06

Written by Olivier Longhi

France and Germany, with the United Kingdom's EU resignation, have risen in influence, which assisted in paving the way toward the approval of the economic recovery plan marking a fundamental step in the process of European construction.

However, the question of its effectiveness in the event of new pandemic waves cannot be ruled out.

Hailed by a number of European Union states as a fundamental step forward towards federalism, the recovery plan amounting to 750 billion euros adopted by the twenty-seven members undoubtedly marks a key stage in European construction.

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First, because it proves that, faced with the heaviest adversity, here the coronavirus pandemic and its economic consequences, the European Union, despite recurring differences within it, has been able to cope in order to save the space initiated in 1957.

Secondly, because the differences in question did not know, although often the latter were in the past, to interrupt or slow down the rescue process.

The so-called frugal countries (Austria, Denmark, the Netherlands and Sweden) had to accept the will of the Franco-German axis which pleaded for an ambitious recovery plan, considered to be commensurate with the issue , namely to save the European Union and the Euro.

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However, after the legitimate satisfaction that Angela Merkel and Emmanuel Macron may experience, the simple question arises: will this plan be sufficient? The question is not trivial because in the event of a heavy and massive resurgence of the epidemic, far from being halted on a global scale, and the possible need to reconfigure, in various forms capable of attacking the economic dynamism of the States, it is to be feared that this plan is only a stage and not an end.

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To play the Cassandra here would border on bad grace, but the health reality is imperative and cannot be avoided either. Because as proactive as this plan may be, it also remains hostage to a still active virus. However, the European Union, some have understood, played through this stimulus plan, its survival when Emmanuel Macron was also playing out his potential re-election.

But beyond domestic political considerations which cannot be totally ruled out, it also appears that the proposed plan, even partial or insufficient if a second pandemic wave looms, is intended as an act of maturity for a European entity long cautious to pass. adulthood.

Commitment and Birth

The creation of a common debt through the issue of European Treasury Bonds on a European scale is also somewhere the acceptance by the 27 members of a unique destiny which commits them beyond the treaties signed by the past.

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It is, as historian Sylvain Kahn emphasizes, the birth of a European State and this plan dedicated to solving the economic difficulties to come, exceeds its own dimension and its own vocation even if some disagreements still persist on the exact allocation of funds.

Certainly the History will tell if the European summit of July 2020 marked the turning point so described, but it will not be able to marginalize or minimize my declared will of the States to push the European Union towards other ambitions.

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However, it remains to be seen whether without Covid-19, such a plan would have seen the light of day. The question will remain unanswered.

Bio: Olivier Longhi has extensive experience in European history. A seasoned journalist with fifteen years of experience, he is currently professor of history and geography in the Toulouse region of France. He has held a variety of publishing positions, including Head of Agency and Chief of Publishing. A journalist, recognized blogger, editor and editorial project manager, he has trained and managed editorial teams, worked as a journalist for various local radio stations, a press and publishing consultant, and a communications consultant.