"The Canadian prime minister, Mark Carney, was the darling of Davos this week as he rallied resistance to Donald Trump's smash and grab politics and his voracious appetite for other countries' wealth and land. Call it what it is, he told delegates. A system of intensifying great power rivalry, where the most powerful pursue their interests using economic integration as coercion."
"Attended by thousands of business leaders, politicians and academics, the annual meeting in the Swiss mountain resort is usually focused on the state of the global economy and its toughest challenges, from the climate crisis to inequality. This year, however, Trump's dramatic threat to slap tariffs on eight European countries including the UK, France and Germany if they failed to back his attempt to seize Greenland, put dog-eat-dog geopolitics centre stage."
"The European Commission president, Ursula von der Leyen, told delegates that nostalgia will not bring back the old order. And playing for time, and hoping for things to revert soon, will not fix the structural dependencies we have. She called on EU governments to seize this opportunity and build a new independent Europe by forging new trading relationships and further integrating their financial and energy markets."
Mark Carney framed global politics as an intensifying great-power rivalry that uses economic integration as a tool of coercion and urged middle powers to unite or face being crushed. His remarks received a standing ovation at Davos. The annual meeting, typically focused on economic challenges like climate and inequality, became dominated by Trump's threat to impose tariffs on several European countries linked to his Greenland ambitions. European leaders warned that nostalgia and delay will not fix structural dependencies. They called for seizing the moment to forge new trading ties and integrate financial and energy markets to build an independent Europe.
Read at www.theguardian.com
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