This past Saturday the members of the new European Commission, the “cabinet” of the European Union’s executive branch, took office. Led by former Luxembourgish prime minister Jean-Claude Juncker, the new Commission faces a wide range of challenges both within the Union and in its near abroad. The EU faces an unemployment rate higher than 10 percent, is near deflationary territory, and may well end up in a triple-dip recession. Meanwhile multiple armed conflicts are raging just across its borders, new and extreme political parties dominate the politics of various member states, and secession movements (Scotland, Catalonia) threaten both the EU …read more
Source: American Enterprise Institute for Public Policy Research