Analysis of Ursula von der Leyen's speech on the State of the European Union from a fiscal policy perspective

Analysis of Ursula von der Leyen's speech on the State of the European Union from a fiscal policy perspective

According to a report by www.faz.net, Ursula von der Leyen presented little new in terms of economic policy in her State of the European Union speech. The proposed measures, such as the creation of new representatives or dialogues, were considered to be less effective. The structural weaknesses of the EU economy have also not been adequately addressed, which cannot solve existing problems.

Ursula von der Leyen's proposed industrial policy, aimed at protecting domestic industries, has also been criticized. This approach does not rely on competition and free trade, which could lead to more protectionism in the financial sector.

It remains questionable whether von der Leyen's initiatives, such as the “net zero industrial law” or the regulation of each individual industrial ecosystem, can really secure the future of European industry. The focus on protectionism and government aid is not seen as making long-term sense, which could potentially have a negative impact on the market.

Von der Leyen emphasizes that the priorities of the Green Deal, digital transformation and geopolitics are the right ones. However, it remains to be seen whether the political efforts and implementation of these priorities will be successful. Overall, her speech is considered to have little substance in relation to economic policy and it is criticized that the structural problems of the EU economy were not adequately addressed.