Without reforms, Europe will become a peripheral region

The breakdown script on which Europe is based is real. This could be due to Trump's trade wars and possible conflicts with China, or the escalation of the war in Ukraine to neighboring countries. However, aside from utmost scenarios, the biggest problem for the European Union is the deficiency of interior reforms. The stagnation of the European economy and the failure of technological advantage make it an economical and technological periphery. Adam Józwiak, Martin Wolf [Interview]