
The world is watching Europe with dismay. The region’s vaccination campaign is a mess, failing to outpace a fresh wave of Covid-19 infections that’s straining hospitals and triggering more stay-at-home curbs. The European Union’s tally of average doses administered per 100 people stands at 11.8, well behind the US and the UK at 34.1 and 40.5 respectively (though there is some divergence between the EU’s 27 members).
Even with four vaccines approved by EU regulators, governments are fumbling the logistics of getting needles in arms. Efforts to hold drugmakers’ feet to the fire over supply shortfalls, while understandable, are turning bad-tempered, with threats to seize doses destined for export if necessary. This is all the more surreal given several EU countries suspended use of the AstraZeneca shot this week due to blood-clot fears. Vaccines are being fought over, but not actually used.
On top of that, the bloc’s pandemic recovery fund already has the feeling of being too little too late. While the Biden administration launches a blockbuster $1.9 trillion fiscal spending plan, the EU’s politically fraught and milder response will likely put the euro area a year behind the US in recovering to pre-virus levels. “I’d love to see Europe growing faster,†Federal Reserve Chairman Jerome Powell musedu.
There is still hope that some of this is temporary or fixable — the vaccine supply outlook is improving and lockdowns have a way of focusing the mind. And the resilient popularity of some incumbent EU leaders gives them latitude to take action rather than worry about the traditional bogeyman of euroskeptic populism. In the Netherlands, Mark Rutte is set to become the longest serving premier in Dutch history after his center-right party came in first in this week’s election, pushing euroskeptics to third place. French President Emmanuel Macron, while hardly popular, is still polling higher than he was during the Yellow Vest riots that channeled anger against tax hikes and his aloof style.
Yet the mix of confusion, dithering and finger-pointing reflects a deeper malfunction. It shows the limits of the leadership style that’s dominated EU politics, one that combines a respect for expert-driven technocracy with personalized, crowd-pleasing populism. Macron’s victory in 2017 was emblematic of this: A young former banker who positioned himself as neither Left nor Right, his promise was more competent government delivered by non-establishment specialist outsiders. This non-ideological approach had broader appeal than anti-EU platforms, not just in France but elsewhere. Rutte described his own 2017 win as a victory
over the “wrong kind†of populism.
The result today is a crisis in the decision-making that is both technocratic and populist — or “techno-populist,†as academics Chris Bickerton and Carlo Invernizzi Accetti call it in a new book — which is seemingly at odds with making the tough choices required in a pandemic. The AstraZeneca suspension and constant indecision in France over whether to impose another national lockdown are examples of how the technocratic search for a “right answer†based on evidence-based analysis can wind up incurring costs through inaction.
—Bloomberg