Gulf Insider
A fatal fiscal dynamic has become entrenched across the European Union. In nearly every member state, public spending is accelerating at all levels — from municipalities and social insurance systems all the way up to the European Commission — while the private economy at best stagnates and its industrial core sectors visibly erode. This dangerous economic imbalance, in which a shrinking private sector is forced to finance a continuously expanding state apparatus, is already producing fiscal consequences visible in the bond markets. Interest rates have been rising steadily for years, making debt servicing increasingly expensive, while the financing needs of public budgets continue to grow under the ruling ideology of an all-encompassing state. This widening fiscal gap is fueling political appetites for higher taxation — a destructive race among parties to squeeze taxpayers at every level has begun. And naturally, when it comes to fleecing European taxpayers, the European Commission cannot be absent. Brussels is currently preparing its seven-year budget framework, set to exceed €2 trillion beginning in 2028. Apollo News recently reported that the European Parliament is even demanding a further 10 percent increase in this budget ceiling. Excess, wastefulness, and a complete detachment from economic reality are driving […]
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