“The leading firms in research and investment-spending are the same ones we had 20 years ago ― cars,” he said. “The United States used to be the same, autos and pharma, 20 years ago. Now it’s all digital.” China isn’t just catching up. In areas like the electric vehicle industry, it is even leapfrogging Europe. … Read more
Despite that, the future of Ukraine’s successful defense “also depends on the United States,” the chancellor said, as he urged the U.S. Congress to approve a new multibillion-dollar aid package for Kyiv. Scholz also said that Germany was ramping up arms production to not only better support Ukraine but also ensure its own security. “If … Read more
Miguel Otero-Iglesias a senior analyst at the Elcano Royal Institute in Madrid. Faced with a choice between successfully completing the green transition, effectively achieving economic security and aiming for fiscal discipline, the European Union is confronted with a new trilemma — and it cannot accomplish all three. But while Germany — with its debt brake, … Read more
