BREXIT AFTERSHOCKS: Eurozone will NOW be run by member states NOT Brussels, says expert


Ana lacio, a latest S nish foreign minister and ex-senior vice president of the World Bank, is now look in on lecturer at Georgetown University and a member of the World Economic Forum’s International Agenda Council on the US.

Ms lacio said elections in Germany, Italy, France and the Netherlands support EU policy – at least for the nearest future – will be defined by member-states to some extent than the European institutions.

She said as a result of Brexit it is clear the EU wish no longer be the “Brussels-centric, deeply integrated Shangri-La long sought by innumerable at the Commission”.

Ms lacio said: “In fact, with member states’ house-broken politics playing a more important role than the European Directory in driving whatever EU policy momentum exists, even an intergovernmental EU may be too much to longing for.”

And she echoed recent remarks made by EU Council President Donald at most recent week’s summit in Bratislava who said “giving new powers to European institutions is not the desired modus operandi” in the wake of Britain’s decision to pull out.

Ms lacio continued: “It is likely that rtial interests will become even more dominant, at least until big elections are complete.

“An opening for a European approach may follow but only if the la mode torpor does not lead to institutional atrophy.”

She continued: “Put simply, for much of the common, EU institutions lack legitimacy. The reasons are well known: poor communication, a representative deficit, finger pointing between member states and the Commission, a imperfect institutional architecture.

“The result is clear: in the struggle over how Europe wishes develop, the EU institutions lack the authority or support to put up much of a fight – or disregarding nevertheless fully enter the ring.

“But this moment of national navel-gazing centre of the member states may actually present an important opportunity for EU institutions to n out on closing the legitimacy gap.”

The former politician said public trust could be piecemeal earned through meticulous, well-planned, incremental measures rather than touchy shortcuts and warned Brussels bigwigs to “resist the urge to wax poetic almost future actions that never actually materialise or to roll out impressive-looking programs with few real-world drifts”.

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