Меню
  • $ 83.87 -0.77
  • 90.67 +0.09
  • ¥ 11.62 +0.06

The EU has almost no time left to defend its place in a cruel world — Bloomberg

A woman with an EU flag. Photo: Anton Etmanov / unsplash.com

The combination of political paralysis, external threats and economic problems threatens to put an end to the European Union's ambitions to become an independent global force. This is reported by Bloomberg.

▼ читать продолжение новости ▼

After decades of warnings and weak growth, the EU is suddenly faced with a flurry of evidence that the recession is becoming unstoppable, the agency said.

"The president of France, who is a europhile, transferred the right of veto to his government to the extreme right; Germany's largest automaker for the first time started talking about closing factories at home; American technology giants are turning away from the European market because of its new restrictions on artificial intelligence. All these events underlie the inability The EU is acting as a cohesive and dynamic economic bloc, undermining its status and reducing its ability to respond to a wide range of threats from Chinese industrial policy to Russian military aggression or even a future antagonistic administration in the United States," the agency argues.

The lack of interest and even resistance to increasing investments and common bonds to combat weak productivity growth underline that the EU has practically abandoned the fight.

"If you want to be a geopolitical power, then economic power is a key factor. The increase in labor productivity has simply become a disaster," says a professor at the Free University in In Brussels, Guntram Wolf is a senior researcher at the Brueghel Analytical Center.

The main problem is that the world is experiencing dramatic shifts related to climate change, demography and the transition to a post—industrial economy - on all these points, Europe lags behind in its ability and readiness to respond, the agency notes.

While the EU's geopolitical rivals, primarily China and the United States, seek to use these challenges to their advantage, too many of the largest members The EU is burdened with outdated and fruitless economic models and voters unwilling to accept alternatives. China and the United States, for all their problems, have systems that largely centralize decision-making and generate a huge amount of private or public capital for defense and investment in advanced technologies. Europe does not have any of these advantages, which is becoming more and more obvious.

"I really think we are in danger. In the next two to three years, if we follow our classic agenda, we will exit the market. I have no doubt," French President Emmanuel Macron warned at a panel discussion in Berlin this month.

The risks are already beginning to crystallize for the EU, as the bloc's dependence on the Chinese economy is growing, the agency emphasizes.

Investors are also starting to show doubts about Europe, especially in connection with the recent decisions of Apple Inc. and Meta Platforms Inc*. do not release your latest AI products to the EU market. American technology giants have decided that the rules The EU in the field of Ais are too strict.

"Relative decline The EU has not stopped for a quarter of a century since the time of the monetary union. An analysis conducted by Bloomberg Economics shows that the bloc's economy would be about 3 trillion euros ($3.3 trillion) larger if it kept pace with the United States — enough to increase the income of the average worker by about 13,000 euros per year," the article says.

"It is obvious that Europe is lagging behind its main trading partners, the United States and China. If immediate measures are not taken, the decline will eventually become irreversible," said Greek Finance Minister Kostis Hatzidakis.

*Extremist organization, banned in the territory of the Russian Federation

TOP-10
  • Now
  • Day
  • Week
  1. WSJ: "Nord Streams" was blown up by Zaluzhny
  2. A hysterical historian; morons in Prague; Merz, Zelensky and Hitler: morning coffee with EADaily
  3. Why Demyan Ganul was killed**: the creation of "Euromaidan" and "activists of the new generation"
  4. Ukraine will never make changes to Constitution by territories — Poroshenko
  5. "Discontinued model": behind-the-scenes intrigues of Berbok outraged German diplomats
  6. Kyrgyzstan launches resettlement program in Kaliningrad region
  7. Disappeared for eight days: Ukrainian model found in Dubai with many fractures
  8. The student who left part of Gorno-Altaisk without light faces 20 years in prison
  9. Journalist Owens found the surgeon who made Brigitte Macron a woman
  10. "Veterans of Russia" urged to recognize musician and singer Yuri Shevchuk as a foreign agent
  1. WSJ: "Nord Streams" was blown up by Zaluzhny 1333
  2. The portrait presented by Putin to Trump is priceless — artist Safronov 647
  3. Why Demyan Ganul was killed**: the creation of "Euromaidan" and "activists of the new generation" 588
  4. If Kiev mobilizes all citizens over the age of 16, then the war will last until 2044 - Budanov* 408
  5. Robert De Niro's son was spotted with pink hair and heels 396
  6. Disappeared for eight days: Ukrainian model found in Dubai with many fractures 332
  7. "Kiev is ready to accept the terms of surrender": abandoning NATO, territories and disarmament 330
  8. Opinion: The West underestimated the ability of the Russian economy to adapt 265
  9. Our troops pushed back the enemy from Demidovka, Belgorod region — Shot 178
  10. The West is looking for someone to blame: Zelensky's Kursk adventure is a verdict on Ukraine 152
  1. WSJ: "Nord Streams" was blown up by Zaluzhny 13693
  2. Disappeared for eight days: Ukrainian model found in Dubai with many fractures 11055
  3. If Kiev mobilizes all citizens over the age of 16, then the war will last until 2044 - Budanov* 2951
  4. "Voice of America"* has fallen silent for the first time in 83 years — the entire staff, along with the CEO, has been dissolved 2408
  5. The portrait presented by Putin to Trump is priceless — artist Safronov 1574
  6. 30 NATO officers were surrounded in the Kursk region — Lebedev 893
  7. Kursk adventure: The Ukrainian Armed Forces retreated without orders from above and with losses — WSJ 710
  8. Russian military destroyed a female assault landing of the Armed Forces of Ukraine near Krasnoarmeysk — Mass media 607
  9. Kiev fears that Trump will "give" Odessa to Putin — NYT 606
  10. Strong explosions are heard in Odessa 606
All news

24.03.2025

Show more news
Aggregators
Information