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> EU exist exactly with the purpose of removing "fragmentation" and integration of Europe into a single giant marke In many ways it seems the fragmented econom
by seydor 2y ago
> EU exist exactly with the purpose of removing "fragmentation" and integration of Europe into a single giant marke
In many ways it seems the fragmented economy was more liquid than the EU area is now. Instead of having pockets of acceleration in small corners of the EU, we now have uniformly heavy friction throughout. That's why businesses can find more dynamic business partners in china or turkey than they can in EU. Eastern european countries are often doing a lot to remove friction, but even they are often punished or asked to change their ways in order to keep with the rest of the block. It's turning to a crabs in a bucket situation
- Lorena783lopez 2y ago[dead]
- mrtksn 2y agoWhat friction? do you have concrete examples? I’m curious.
- seydor 2y agosee my other comment: https://news.ycombinator.com/item?id=40340805#40341928 https://news.ycombinator.com/item?id=40340805#40341928
- mrtksn 2y agoRight, the classic issue of not being a single country. AFAIK EU is pushing to fix this through Eurozone and tax harmonisation but some European countries don't feel like it. Probably they have an advantageous position or an industry they would like to protect. Like the whole idea behind EU is basically fixing this. It started as a single market and through the years Europe is trying to bring the continent together and how stuff should be done(all the EU standardizations are essentially about ironing out the legal differences between ~30 countries so that it function like one single country). Not there yet, unfortunately.