Europe Is Almost Out of Time to Defend Its Place in a Brutal World
Apathy or pushback after Mario Draghi’s wake-up call to combat feeble productivity growth underscore how the region has all but given up trying.
Europe's relative decline as a global player risks becoming unstoppable after decades of warnings and sub-par growth.
Photographer: Philipp von Ditfurth/Getty ImagesThis article is for subscribers only.
The European project is approaching a tipping point.
A combination of political paralysis, external threats and economic malaise is threatening to end the European Union’s ambitions to become a global force in its own right — pushing member states toward defending their own interests instead.