EU Leaders Face Grim Reality: How Did Bloc Seal Status as Wilting Geopolitical Power?
Sputnik International
Back in the spring of 2022, Russia’s president warned about the European Union’s decision to wean itself off cheap Russian energy, predicting a loss of competitiveness against other world powers. Bloomberg editor Ben Sills highlighted the EU’s struggle with political paralysis, external threats, and economic malaise. The region faces significant challenges, including populist gains in France and threats to industrial giants like Volkswagen.
Former Polish president Aleksander Kwasniewski noted the EU’s slow reactions and emphasized the importance of economic might for geopolitical power. Emmanuel Macron also acknowledged the risks facing the bloc in terms of market competition. With China’s rise and rapid technological advancements globally, the EU’s economic bloc cohesion is under scrutiny.
The EU’s decline dates back to the late 1990s, with several powerhouse economies facing recession and deindustrialization. By rejecting Russian energy resources, Europe risks becoming uncompetitive. President Putin criticized the EU’s energy decisions, highlighting the impact on industry competitiveness.
Overall, the EU’s geopolitical independence is at risk, with internal divisions and economic challenges undermining its position on the global stage.