Can Europe Overcome Its Political and Economic Woes?
WSJ Opinion: Potomac Watch
The Wall Street Journal
4.2 • 2.8K Ratings
🗓️ 5 December 2024
⏱️ 23 minutes
🔗️ Recording | Apple Podcasts | RSS
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| 0:00.0 | From the opinion pages of the Wall Street Journal, this is Potomac Watch. |
| 0:08.6 | So you think American politics is a mess. |
| 0:12.5 | Well, spare a thought for Western Europe, which is experiencing a political breakdown of its own, |
| 0:18.6 | an industrial policy meltdown along the way, and I'm marauding |
| 0:23.2 | Russia on its borders, all on the cusp of the Eurosceptic Donald Trump returning to the White |
| 0:30.1 | House in the United States. Today on Potomac Watch, the European crisis and what it means for |
| 0:35.8 | the United States and the West. |
| 0:38.4 | Welcome, I'm Paul Giego, editor of the editorial pages of the Wall Street Journal on our daily |
| 0:43.2 | podcast, and I'm here with my colleagues Joe Sternberg and Jillian Meltcher, both based |
| 0:48.0 | in London and traveling extensively on the continent, wide experience on the continent. So let's start just a little |
| 0:55.7 | backdrop. Germany's government tripartite coalition collapsed not long ago. A election is looming. |
| 1:01.8 | Britain's budget with the newly elected labor government has been met with cat calls by the politicians |
| 1:08.9 | and the people and the markets to some extent. A real winner there. |
| 1:14.1 | And the French prime minister this week has resigned after a vote of no confidence in the National |
| 1:19.5 | Assembly. Each of these countries is unhappy in its own way. But there is a common underlying |
| 1:26.6 | theme of economic trouble and the inability of the |
| 1:30.5 | political class to address pressing problems in a way that satisfies voters. So let's dive into |
| 1:37.1 | these very big subjects. But Jillian, let's start with France. What's behind the collapse of the |
| 1:42.5 | Barnier government? Yeah, so there's an economic problem that is also a |
| 1:46.8 | political problem here. And I think to understand what's going on, you really need to go back to |
| 1:51.5 | last summer. So you had French people really upset about what they viewed as, you know, |
| 1:57.1 | their economic prospects aren't getting better. They're concerned about immigration and crime. |
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