Matthew Lynn Matthew Lynn

Ursula von der Leyen only cares about power

Ursula von der Leyen celebrates after she was re-elected for a second term at the European Parliament (Getty Images)

The Green New Deal will be watered down. There will be a drive to roll back rules and regulations. And there will be far tougher control of the borders. The President of the European Commission Ursula von der Leyen secured the support of the bloc’s parliament today by promising a radical overhaul of the policies of the last four years. There is just one problem. This is the same leader who implemented all the policies she has just ditched. 

Von der Leyen has been exposed as a politician who believes in nothing

It is all changing in the EU. The Green New Deal, a Europop version of Bidenomics, is going to be diluted. For example, cars running on ‘green fuels’ will still be permitted, instead of only electric vehicles, while agricultural rules will be relaxed. The industrial strategies funded by common borrowing, most significantly on the €750 billion Covid Recovery Fund, will be scaled down.

Matthew Lynn
Written by
Matthew Lynn
Matthew Lynn is a financial columnist and author of ‘Bust: Greece, The Euro and The Sovereign Debt Crisis’ and ‘The Long Depression: The Slump of 2008 to 2031’

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