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Can Europe escape the Sino-American squeeze?
Internal challenges, transatlantic tensions and a ‘China shock’ put the old continent to the test.
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European Union leaders in an emergency summit in Brussels in January to deal with its increasingly fraught relations with the US.
PHOTO: BLOOMBERG
Europe often gets a bad press, and David Marsh’s masterful new book Can Europe Survive? shows exactly why. For decades, the continent coasted on a comfortable formula: economic integration, American security guarantees and open global trade. Now all three pillars are crumbling, threatening not just Europe’s economy but also its social fabric.
As World Bank chief economist Indermit Gill recently warned: “Japan can be stagnating and stable. If Europe stagnates it will not be stable.”
