This article discusses the European Union’s opportunity to enhance the euro’s global standing as alternatives to the US dollar gain traction among investors. European Central Bank president Christine Lagarde emphasizes the need for economic resilience and shared debt mechanisms, like Eurobonds, to create a competitive financial ecosystem, while urging leaders to seize this moment to address structural challenges.
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Europe’s ‘happy vassal’ complex
The recent US-EU trade agreement has significantly weakened the EU's global standing, exposing its political vulnerabilities and undermining its climate agenda while highlighting a troubling trend of “vassalisation heureuse.” As Trump’s imperial vision takes shape, the EU struggles to assert its sovereignty amid growing dissatisfaction among Europeans, revealing an existential threat that could reshape international order if not effectively resisted. Want More Context? 🔎
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