The spirit of Brexit has infected the EU - Yanis Varoufakis

#geopolitics #UE

Since the pandemic, EU exports to China have flatlined while the United States almost doubled its imports from Europe. Totally reliant on America for arms, fossil fuels, and external demand, the EU is immensely vulnerable. If Donald Trump wins the coming presidential election and introduces his promised tariffs on EU exports, Europe will face deeper stagnation and fragmentation.

It is a tragic indictment of Europe’s leaders that, by holding out for so long against moderate but fundamental political reform of the EU, they guaranteed its disintegration.

https://diem25.org/the-spirit-of-brexit-has-infected-the-eu/