Macron warns Europe faces political and economic crisis

"Speaking to several newspapers ahead of a European Union (EU) leaders meeting on Thursday, the French president said the bloc risks being "swept aside" in the face of competition from the United States and China. "We have the Chinese tsunami on the trade front, and we have minute-by-minute instability on the American side. These two crises amount to a profound shock, a rupture for Europeans," he said."

"Macron said the EU should not be lured into a false sense of security because of a lull in tensions with the US after recent clashes over Greenland, technology and trade. "There are threats and intimidation. And then, suddenly, Washington backs down. And we think it's over. But don't believe it for a second. Every day, there are threats against pharmaceuticals, digital technology..." he said."

""When there is blatant aggression... we must not bow down or try to reach a settlement," he said, adding "We tried this strategy for months, and it's not working. But above all, it strategically leads Europe to increase its dependence.""

Europe faces a serious political and economic crisis, risking being swept aside by competition from the United States and China. A 'Greenland moment' is presented as a wake-up call about external threats, prompting urgent calls for economic reforms and reduced reliance on the US and China. The United States poses unpredictable pressure and potential import tariffs linked to digital regulation, while China exerts strong trade competition. A proposed 'Made in Europe' strategy would require minimum European-made content in locally produced goods, a plan that divides EU countries and alarms automakers.

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