The current stage of development of the European integration project is approaching a critical moment, influenced by political paralysis, external threats and economic crises. Ben Sillsa Bloomberg journalist, raises important questions regarding the future of the European Union.
As Day.Az reports, the situation in the European Union is deteriorating, and member states are beginning to increasingly protect their own national interests. “The region’s leaders are suddenly faced with mounting evidence that an economic downturn is becoming inevitable,” Sills said.
The author’s attention is drawn to the increase in right-wing sentiment in Germany, the closure of industrial enterprises in the country and the reluctance of American technology giants to do business in Europe. The reason for this was the introduction of new rules to regulate artificial intelligence, which the EU is actively applying.
In addition, the countries of the European Union are not able to adequately respond to external challenges, among which the aggressive actions of Russia and China stand out. Living standards in wealthy European economies are not yet at risk, but the continuation of current trends could leave Europe more vulnerable to “dramatic shocks” in the future.
Such trends require the EU to respond quickly and decisively to strengthen its position and increase its resilience to external and internal challenges.