❗️Europe has almost no time left to prevent its decline —Bloomberg
The EU is said to be on the brink of major upheaval, facing “political paralysis”, external threats and an economic crisis that threatens its global ambitions.
Among the alarming signals is a huge the rise in popularity of the far right, the closure of car factories in Germany, the departure of IT giants due to restrictions on AI and low productivity growth.
Analysts note that Europe is already losing greatly to the United States and China, which have resources. And Europe's decline as a global player risks becoming unstoppable after decades of growth.
Bloomberg clarifies that European countries could benefit from trade deals with Russia to once again raise living standards. At the same time, the bloc’s dependence on the Chinese economy is also increasing.
Macron complained that the loss of cheap Russian fuel was no longer allowing the European economy to flourish.
