The European Union’s economy is struggling to keep pace with the US and China. Decades of low productivity, reliance on traditional industry and a failure to invest have lost it trillions of euros in growth, leading to this moment of reckoning. With France facing political upheaval and Germany’s economy in a downturn, the continent is at risk of losing its seat at the table, and maybe its ability to protect itself in a world where security is no longer guaranteed.
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