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Economic anxiety in the EU: "Will become a museum"

Problem, but also opportunities await the EU when Donald Trump takes over in the USA. However, the cooperation must continue, believe the EU leaders at the top meeting in Budapest.

» Published: Today, 10:19

Economic anxiety in the EU: "Will become a museum"
Photo: Wiktor Nummelin/TT

A first discussion on how the EU should handle Trump's new presidency was held at a working dinner between the EU countries' heads of state and government on Thursday evening.

A cautious discussion, notes Prime Minister Ulf Kristersson (The Moderate Party).

Everyone went through their picture of the situation, what one can expect. But no one knows yet. Everyone understands that a new administration must be in place before one can draw any conclusions, says Kristersson on his way to Friday's continued EU meeting in Budapest.

Important Link

The talks did not become very detailed, mostly focusing on "European core interests": Ukraine and trade issues.

According to Kristersson, there is at least an agreement on how important cooperation with the USA is, regardless of who is in charge.

We can have different opinions on different issues, but we cooperate with the USA. The transatlantic link is important, says Kristersson and emphasizes that the EU countries see both problems and opportunities in Trump's presidency.

Competitiveness

The top meeting in Budapest concludes on Friday with discussions on how the EU can become more competitive – highly important in a situation where one risks losing ground to both the USA and China.

Europe has fallen behind. If we continue to do so, Europe will become a museum, says Kristersson, who calls for tough reforms in various EU countries.

Large public loans are not something he wants to see.

You cannot take shortcuts and hope that European loans can solve competitiveness problems, says Kristersson in Budapest.

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By TTThis article has been altered and translated by Sweden Herald

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