"Europe has a real problem,"
"They do some wonderful things on their safety nets. But they've driven business out, they've driven investment out, they've driven innovation out. It's kind of coming back."
"If they fragment, then you can say that America first will not be around anymore,"
"It will hurt us more than anybody else because they are a major ally in every single way, including common values, which are really important."
Europe faces structural economic and political challenges that are reducing competitiveness and security. Generous safety nets and heavy regulation have driven businesses, investment, and innovation out, eroding growth. Political fragmentation and difficulty reaching EU agreements are weakening collective defense and undermining gains from the euro and European integration. A weakened Europe would harm US strategic and economic interests, shared values, and alliance capabilities. The United States should pursue a long-term strategy to bolster European strength. US policy shifts toward hemispheric focus risk deprioritizing European stability. Major financial institutions are increasing capital allocations toward national defense and related investments.
Read at Fortune
Unable to calculate read time
Collection
[
|
...
]