Between the crises of inflation and stagnation... What is the future of the European economy?

20 September, 2022
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Between the crises of inflation and stagnation... What is the future of the European economy?

The European Union has faced a series of existential threats since its inception in 1993, and has weathered them over the years. But in the modern era, the “Covid 19” epidemic in 2019, whose direct repercussions are continuing until now, revealed “old wounds” that could turn into a threat to the unity of Europe, according to former European Commission President Jacques Delors.


Delors believes that "the germ is back", stressing that unity should be more than just a slogan for the European Union in any crisis. Today, the new inflation crisis that struck Europe has emerged, and with it the talk of the “invisible” division taking place between its countries has resurfaced, especially since crises not far away have ravaged them, including the issue of the “euro” and the issue of receiving refugees.


In all the crises, the Europeans south and east were affected much more than the North and West. This crisis warned of the disintegration of the economic system, which the European Union countries were proud of. Corona revealed somewhere, the extent of the political and economic divergence between the countries of the Union, and today the talk of inflation is due to activating the same matter, as countries are now different among themselves on the need to support Ukraine in the same way, considering this support is one of the causes of the current crisis.


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