The EU is losing manufacturing at an alarming rate, nearly one million people have lost jobs. The Czech Republic was 2nd largest losing jobs ie 161,000.
The EU is stuffed due to climate change crazies in Brussels causing high power costs, immigration from Africa, nearly 2 million in 2015 and is on the increase again with 380,000 illegals in the last 12 months. The woke EU brigade doesn't like Hungary and has fined them 200 million Euros for failing to adhere to EU woke policies.
https://apnews.com/article/viktor-o...eu-decisions-c713e4f492292e8854afa0b0993ad1feEU loses almost a million manufacturing jobs in just 4 years“The workforce that powers Europe’s manufacturing is as essential to the continent’s future success as it has been in the past. The grim reality of nearly 1 million jobs having been shut down must be addressed. The EU can turn this around by equipping itself with an industrial policy that has quality jobs at its core. Europe’s tech industrialists call for EU leaders to urgently confront deteriorating competitivenessEurope is at risk of permanently falling behind the world’s leading economies. In 2024, EU GDP is forecast to grow by just 1%, compared with 2.4% in the US and 3.2% in the world as a whole. Lower productivity is a major contributing factor to Europe’s slow growth. In 1995, the EU and the US had similar rates of productivity. However, today, our productivity is about 20% below the US.
This has to start with tackling the stifling regulatory burden weighing down our industries. Between 2019 and 2024, the EU passed 13,000 pieces of legislation, many of which are needlessly prescriptive, unclear and incoherent and are holding back growth and productivity in our industries. By comparison, the US adopted 3,500 pieces of legislation at federal level in the same period.
EU leaders must reverse this regulatory overreach, reducing and rationalising laws wherever possible. They should also follow our industries’ concrete and actionable proposals to mainstream competitiveness in policy areas from
energy, climate and the
circular economy to
investments,
digital,
the single market,
standardisation and
trade.
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