Europe's place in the fresh US National safety Strategy

defence24.pl 5 months ago
Europe is described as an economically weakening continent, with a decreasing share of global GDP and an excessive number of regulations, which is intended to suppress entrepreneurship and growth. The consequence is that: *it loses its share of global GDP – from 25 percent in 1990 to 14 percent present – partially due to national and transnational regulations that undermine creativity and industriousness*." It appears to be a space where regulatory logic, more control and standardisation-oriented than innovation and economical expansion, dominates alternatively of supporting development. This is crucial because, from the US perspective, economically weak Europe is becoming an increasingly little useful partner and, at the same time, an expanding possible burden, especially erstwhile it requires military protection and is incapable to co-finance the common safety strategy on an equal basis.
Read Entire Article