Deutsche Bank sharply criticises the “dishonest debate” with which the EU is selling its “Green Deal” to the people of Europe. The massive risks of the project for prosperity, the economic system and democracy itself should not be concealed, but should be addressed openly.
Eric Heymann, a senior economist at
Deutsche Bank Research, warns that Europe’s Green Deal and its goal of climate neutrality by 2050 threatens a European mega-crisis, leading to “noticeable loss of welfare and jobs”. And he warns: It won’t work without “a certain degree of eco-dictatorship”.
The analyst describes it as dubious that the Green Deal is being touted across the board as “a new growth strategy” which would allow the EU to become a “fair and prosperous society.” While this may look good on paper, Heymann writes, in order to achieve carbon neutral by 2050, Europe’s economy and its entire political and legal systems will have to be changed fundamentally.
Deutsche Bank sharply criticises the dishonest debate with which the EU is selling its Green Deal to the people of Europe. The massive risks of the project for prosperity, the economic system and democracy itself should not be concealed, but should be addressed openly.
Eric Heymann, a senior economist at
Deutsche Bank Research, warns that Europe s Green Deal and its goal of climate neutrality by 2050 threatens a European mega-crisis, leading to noticeable loss of welfare and jobs . And he warns: It won t work without a certain degree of eco-dictatorship .
The analyst describes it as dubious that the Green Deal is being touted across the board as a new growth strategy which would allow the EU to become a fair and prosperous society.