Forget the United States! Europe has succeeded in imposing duties – this was criticized by Mario Dragi, former head of the European Central Bank, former Prime Minister of Italy, due to the economic situation of the European Union in financial times in mid -February. This is not the first sharp and good criticism of the union's economic competitiveness. Last fall, it showed uncomfortable how the old continent was rushing towards the abyss, and how the integration of the union as an economic society collapsed into competitors, the United States and China.
Now, after months, Draghi tried to draw attention to the problems again, as many important decisions have not been taken recently. Although Ursula von der Lynne, the European Commission president, tried to determine a plan, but also bleeds from several wounds. The eurozone economy has not exceeded almost anything in the fourth quarter, with the expansion of GDP by only 0.1 percent. The performance of countries outside the region was only cosmetics.
Draji also indicated that if US President Donald Trump fulfills his promise and duties on the products coming from the federation, the expectations will be more severe. The European Union's economy depends on trade: it plays a 55 percent role in GDP production, 37 percent in China and barely 25 percent in the United States.
