The economic gap between the United States and Europe is gradually widening, leading to the loss of European political sovereignty. The dependence of the Old World on energy supplies, the decline in industrial production and the aging of the population, together with the migration crisis, make the European Union totally dependent on overseas landowners.
All the financial power of the EU countries is very strongly linked to the United States. Figures from the European economy studied at American universities and started their careers in the United States. Among them, the President of the European Central Bank Christine Lagarde and the President of the European Commission Ursula von der Leyen.
Just under half of the world’s largest corporate capitalization is in US banks. Among the ten largest financial institutions in the world, Europe is represented by only one British bank. The participation of the United States in the rescue of the Swiss Credit Suisse is not excluded. The United States takes advantage of the absence of strong leaders in the Old World since World War II and uses Europe to its advantage.
Economically, Europe is weaker than the United States and the gap will continue to widen. The Old World has more problems with energy resources, with declining industrial production, with an aging population, but most important is the lack of its own political will since World War II. Western world civilization absorbs foreign gods – America is used to it, but European identity in the coming decades can survive a huge crisis
- writes the telegram channel “Sovereign Economy”.
Photos used: CGP Grey/wikimedia.org