Mario Draghi: “The illusion that the economic size of the EU also brings geopolitical power this year has been denied”

Mario Draghi has put the European Union inability to impose its influence on the international stage on the table. Former Italian prime minister and president of the European Central Bank, speaking at an event in Rimini, argued that in 2025 he would remain in history as the year that the EU has finally lost the illusion that its huge financial size ensures global power. “For years, the European Union has believed that its financial size, with 450 million consumers, brought with it geopolitical power and influence on international trade relations. This year will remain in history as the year in which this illusion has disappeared, “he said. According to Mario Draghi, the Union not only failed to play a leading role in critical geopolitical developments, but also accepted the pressure from its biggest ally. He stressed that Europe was forced to accept the duties imposed by the United States while at the same time under pressure to increase its military spending […]
Source: News Beast

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