Add to Timmermans and Vestager's departure Rutte's exit, and I fear the EU will deepen its colbertist turn.
Consequences:
- Fragmentation of the Single Market, with the proliferation of state aid
- Further decline in innovation and growth.
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Stanley Pignal: A shift in power is happening in Brussels. Vestager is applying for the EIB, Timmermans going to stand in Dutch elections. Those are two big, pro-globalisation, open-economy names potentially leaving the scene.
The result: French trade/globalisation-sceptic voices will be louder
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🐦🔗: https://n.respublicae.eu/lugaricano/status/1681961688751390721