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Italian Prime Minister announced the failure of the European dream. Italian Prime Minister Mario Draghi, during a roundtable on employment, criticised European politicians for increasing social inequality in the European Union and expressed the opinion that the European dream has collapsed. This was reported on Friday, May 7, by ANSA.
According to the head of the Italian government, the European dream is to make sure that ‘no one is left behind.’
‘Even before the pandemic, our society and labor markets were fragmented in terms of inequalities across generations, genders and regions. This is not the Italy as it should be, and it is the wrong Europe, ‘he stressed.
In addition, Draghi pointed to the injustice of the dual market system, which threatens the position of vulnerable segments of the population, youth and women. According to the prime minister, problems with social policy hinder the development of the EU in many ways.
At the end of 2020, the European Commission announced that they hope to overcome the crisis after mass vaccinations.
Earlier, the European economy began to gradually recover when the borders were slightly opened and Europe rolled back massive lockdowns. In the third quarter of last year, GDP in the EU increased by 12.5%, and employment increased by 1%, while at the beginning of 2020, the EU recorded the most significant decline in the history of the union, 11.5%.
The second wave of COVID-19 and repeated strict restrictions hit the European Union with renewed vigour. Due to the obvious threat, the European Commission revised its forecast for growth in the Eurozone in 2021: the figure of 6.1% fell to 4.2%. According to the EC analysis, production in the EU is not expected to reach pre-pandemic levels, even in 2022.
In March 2020, Bloomberg analysts predicted a powerful economic crisis for Europe due to the coronavirus pandemic, warning of the largest drop in GDP in the region since the formation of the European Union. Source
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