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The Duran Podcast

Draghi and Macron want more EU centralisation The Duran: Episode 2061

The Duran Podcast

The Duran

News

4.4650 Ratings

🗓️ 10 November 2024

⏱️ 15 minutes

🧾️ Download transcript

Summary

Draghi and Macron want more EU centralisation

The Duran: Episode 2061

Transcript

Click on a timestamp to play from that location

0:00.0

All right, Alexander, let's talk about Eurobonds and Mario Draghi and Macron.

0:07.9

Actually, Macron.

0:08.9

He was at the Brussels, at the Brussels, the Budapest, a submitted event.

0:15.3

And Macron was talking about more Europe, more Europe integration with Trump's win in the United

0:23.1

States. Macron sees it as an opportunity to consolidate more power to the center. And he actually

0:31.4

said that this is his new calling is to lead Europe to be more centralized, more unified because of the elections in

0:39.8

the United States. But Draghi has started all of this with his article in many articles, actually,

0:47.6

in the Financial Times where he does talk up the idea of Eurobonds. You did, your thoughts on everything else, it went on, is Europe.

0:56.2

Yeah, Draghi, let's say, he was the former head of the European Central Bank.

1:03.0

He was the man who's credited with saving the Euro during the financial crisis.

1:07.3

He said that the European Central Bank would do whatever it took. Whatever it took

1:14.1

meant buying bonds of the various states in southern Europe that were running into economic

1:23.2

problems. He bought Italian bonds and he bought Spanish bonds and he did all of those sort

1:29.0

of things, which was contrary to what had previously been agreed that the European Central

1:35.8

Bank would do.

1:36.9

He just disregarded all of that and steamed ahead and did that.

1:40.4

He also put an enormous squeeze, as I'm sure you remember, in Greece and Cyprus, in order

1:45.8

to push those countries into line.

1:48.5

And he is, in other words, a passionate, committed, diehard European integrationist.

1:57.1

And he became Prime Minister of Italy for a time and did the same there, carried out various

2:03.7

reforms to bring Italy into closer alignment with the policies of the EU centre.

2:10.8

He is at the same time a clever man, and one has to say this, and he was recently asked

...

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