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.
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.
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