While Asia grows unabated, Europe loses time and economic clout

The main issue for Europe is not even its internal political crisis that has emerged for a long time but rather its serious inability to meet strategic challenges. The migrants’ crisis has become the most prominent example of how inefficient the European Union (EU) has been for too long.

Although the crisis started years ago, the EU and its member-countries’ heads of state and government are still discussing about what could be done to address it. So not only Europe has proved incapable of dealing with one the most acute crisis of its history but it is still working at the first stages of an unlikely theoretical common response.

As the EU looks increasingly powerless, Europeans’ confidence and patience keep shrinking, making “populism” a likely development for European politics in the very near future, and it has started already especially in Italy where Lega’s Interior Minister Matteo Salvini has reached new popularity record levels.

While Europe is focusing its attention on massive immigration – and it has yet to craft a clear, common, credible policy about it – the rest of the world, particularly Asia, is fueling the world’s paradigmatic shift in which Europe appears largely at bay if not completely lost. Virtually disarmed and counting on the US military, Europe may still show off the world’s largest GDP, it doesn’t have the means to defend it.

On the strategic scene, although Europe should be the main player, it belongs to the spectators while the USA, China and Russia belong to the decision-makers. On the economic scene, Europe flexes its muscles thanks to past achievements but here again the future looks more American or Chinese than European, especially in the technology sector where among the world’s 30 largest companies, none is European.

Despite real assets, great prominence in many fields, Europe is endangering its future by being undecided, weak and politically divided. Europe appears to be walking backwards while the rest of the world is running ahead.

If the EU doesn’t mend its flaws, it may have real deep economic repercussions in the long run. It’s time to realize the world can really follow its own path without us Europeans,” commented Paris-based Charles Rault, analyst and Cyceon’s founder.

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