The Darkening Skies Over Europe’s Economy
Pessimism prevails on the continent as businesses turn their eyes to Trump’s America.
No single, acute crisis explains the pessimism; it’s a complex of pathologies.
Almost everything has gone wrong for Europe in the past few years. It has struggled with Covid, a spike in the cost of energy and the rise of far-right parties who despise the European project.
China threatens its markets, Russia threatens its territory, and Trump threatens both.
Seven U.S. stocks are worth more than the stock markets of Britain, Germany, France, Italy, Spain, the Netherlands and Switzerland, combined.
Greg Ip Wall Street Journal 31 January 2025
Kommentarer