Europe is Circling the Drain

Europe’s economy is in trouble, with Germany’s GDP numbers worse than expected and the EU clinging to failed policies. Christopher Markowski breaks down why the European Union’s obsession with bureaucracy, decarbonization, and regulation is driving the continent into decline. Can individual nations break free and regain competitiveness? Is the EU project doomed? Tune in for the hard truth about Europe’s economic future. www.watchdogonwallstreet.com

Episode Transcript

Speaker 1 (00:00):
The Watchdog on Wall Street podcast explaining the news coming
out of the complex worlds of finance, economics, and politics
and the impact it will have on everyday Americans. Author,
investment banker, consumer advocate, analyst, and trader Chris Markowski.

Speaker 2 (00:16):
Europe is circling the dream. German GDP numbers came back
and they were much worse than expected. It was funny
yesterday watching the European Commission coming out and talking about
the future, and they're presenting it as competitiveness, competitiveness, competitiveness,

(00:41):
and then you take a look at this ridiculous power
point slide competitiveness, compass decarbonization and competitiveness, closing the innovation gap,
producing excessive dependencies and increasing security. And they got all
sorts of arrows, simplify cation, single market coordination, making no

(01:03):
sense whatsoever, some bullshit PowerPoint slide. You're not going anywhere,
you really aren't. Yeah s, actually even thinking about it,
I wonder even if Turkey, if they could they wanted
to join the European Union. I don't even know if
they even want to be a part of the European Union.

(01:25):
And again I'm at the point in time where I
really think the whole thing should be broken up, go back,
go back to your own currencies again. I suggested this
back in twenty ten, twenty ten, when they had the
financial crisis over in Europe, I said, it would have
been much better for these countries to break off and

(01:46):
rather than to deal with Brussels and what they have
going on. It's a disaster, It's an absolute disaster. Certain
countries want to break free, they want to become more competitive,
and you're seeing it in the Eastern Europe, seeing the pushback,
seeing how great uh Poland is doing in some of
these other Eastern European countries, even Italy pushing back right

(02:07):
now and releasing information in regards to illegals and migrants
and the type of crime that's taking place. Maloney, not
allowing for any of these freaking solar panels to be
going up on Italian farmland decarbonization, You're gonna lose, Okay,
See any Europeans, you know, you're gonna follow this stuff

(02:30):
at some point in time, you're gonna have to revolt
against Brussels. I don't get it, I really don't. You
have people, unelected bureaucrats in Belgium telling you what to
do I don't understand. You need to you need to

(02:52):
leave this, not since you have to change this again
our common currency, and we got this, we got nothing
going on. The only thing that go that made it
easy for everybody with the European Union is the fact
that you can go from one place to another without
having to show your passport, big yipy do. You don't

(03:13):
build anything, you don't create anything. Again, exactly where you
go decarbonization, How has that worked out? You're losing jobs,
China's kicking your ass up and down the freaking block.
You have it out right, now you have it out.

(03:35):
You have to you must change direction. But again, when
you have the same names, the same faces, same people
that have no skin in the game whatsoever, no skin
in the game. These are people that just that's what
they do. They rule, they don't build, they don't create,
they rule. It's not good for the continent's future, it's

(03:56):
not good for the block and ken if I was
these countries, I'd be like, 'ro oute, we've done okay,
but we're not doing this anymore. I don't care. Greece
go back to the dragma and go back to the lyric.
I think that just what's the point, well, what what
do you gain by being a part of this right

(04:22):
now nothing watchdog on Wall street dot com,