Nationalism and populism have permeated the sphere of global politics in the 21st century, and the EU is no exception. This particular change in the political environment inevitably causes changes in economic policy, as populist leaders tend to increase governmental spending, focus on more protectionist policies, and raise trade barriers.
For the fifth consecutive year, France has been the champion of taxation, with the average French citizen paying more than half of their income into the state’s coffers.
While the media, right and left-wing parties and the average newspaper reader celebrate in anticipation of “helicopter money” from Brussels, or otherwise the so-called “Next Generation EU”.