Dear MEL Topic Readers,
Macron urges Europe to start acting like world power
Even after the departure of the UK (Brexit) in 2020, the European Union
(EU) is still an influential economic and political union. Combined, the EU is
the world’s third-largest economy after the USA and China, representing around
one-sixth of the global economy. EU’s top three economies are Germany,
France, and Italy, generating 24%, 16%, and 12%, respectively, of the union’s total
GDP. Emmanuel Macron has been serving as President of France since 2017. Facing
mounting threats from Russia and growing tension with China and the USA, Macron
recently urged Europe to start acting like a collective power. Considering the
recent stand-off with the USA over Greenland, why not? The estimated population
of the EU is around 450 million, 300 million more than Russia and 100 million
more than the USA. Nearly the same number of new cars are being sold annually
in Europe, including the UK, as in the USA. However, when it comes to elections,
politicians tend to focus on the immediate domestic agenda, such as jobs,
inflation, taxes, and social welfare. Make (country) Great Again is an attractive
message to voters. Creating and maintaining collective power might be a
slippery concept.
Read the article and learn about Europe’s presence in the world’s
economy.
No comments:
Post a Comment