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GEAB 146

The monthly bulletin of LEAP (European Laboratory of Political Anticipation) - 15 Jun 2020

Europe 2020-2028: 750 billion euro to change the paradigm… and save the USA

As the virus attacks what has been viewed as the core of the Western reactor since 1945, namely America, it is propelling Europe, regenerated by twelve years of reflection, to the forefront.

2028 is the date set to start repaying the 750-billion-euro loan that the European Council is expected to authorise on 19 June. This leaves eight years to implement the new continent-wide economic paradigm (Green and Digital Deal), to position Europe as a partner in the, now urgently needed, multipolar world and to coordinate with the rest of the world the rescue of the United States (settling the debt, relaunching the economy, building social infrastructure).

This anticipation seems quite arrogant. But here is a series of arguments allowing us to show that the ‘planets have aligned’ for Europe in 2020.

Europe will certainly have to withstand the initial shock of COVID-19 and all its boomerang effects, starting with the one that the American crisis described above will inevitably send in its direction. As in 2008, the blast of the US explosion could reach the shores of the old continent less than a year later, aggravated by the trumpets of a transatlantic media system which tends to duplicate all US problems in Europe… The European version of the George Floyd affair is already giving us yet another illustration of this.[1]

This time, however, we believe that things will be different:

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