Al Mayadeen English

  • Ar
  • Es
  • x
Al Mayadeen English

Slogan

  • News
    • Politics
    • Economy
    • Sports
    • Arts&Culture
    • Health
    • Miscellaneous
    • Technology
    • Environment
  • Articles
    • Opinion
    • Analysis
    • Blog
    • Features
  • Videos
    • NewsFeed
    • Video Features
    • Explainers
    • TV
    • Digital Series
  • Infographs
  • In Pictures
  • • LIVE
News
  • Politics
  • Economy
  • Sports
  • Arts&Culture
  • Health
  • Miscellaneous
  • Technology
  • Environment
Articles
  • Opinion
  • Analysis
  • Blog
  • Features
Videos
  • NewsFeed
  • Video Features
  • Explainers
  • TV
  • Digital Series
Infographs
In Pictures
  • Africa
  • Asia
  • Asia-Pacific
  • Europe
  • Latin America
  • MENA
  • Palestine
  • US & Canada
BREAKING
TASS news agency, citing a Kremlin official: Putin and Trump will meet in Alaska on August 15.
Al Mayadeen's correspondent in South Lebanon: Israeli drone strike targets vehicle on Zahrani - Tyre Highway.
Israeli media: Israeli Prime Minister's Office: The security cabinet has approved Netanyahu's proposal on Gaza.
Al Mayadeen correspondent: The Lebanese Council of Ministers approved the general objectives of the US paper unanimously by the ministers who remained in the session.
Hezbollah, Amal Movement ministers withdraw from the Lebanese cabinet session as it discusses the proposal of US envoy Tom Barrack.
Al Mayadeen correspondent: An Israeli drone bombed a car in the town of Kfardan in the Baalbek district.
Al Mayadeen’s correspondent: An Israeli raid targeted the outskirts of the town of al-Qatrani, Jezzine District
Al Mayadeen’s correspondent: Israeli warplanes launch a raid targeting the vicinity of the Burguz area
Al Mayadeen’s correspondent in southern Lebanon: An Israeli airstrike targeted the outskirts of Jbaa in the Iqlim al-Tuffah region
Al Mayadeen’s correspondent in southern Lebanon: An Israeli airstrike targeted the outskirts of the town of Ansar

Is the European Union heading for collapse?: Bloomberg

  • By Al Mayadeen English
  • Source: Bloomberg
  • 14 Oct 2024 17:28
  • 1 Shares
3 Min Read

If the bloc fails to modernize and address its economic and political divisions, it risks being relegated to a second-tier power in a rapidly changing world.

Listen
  • x
  • Members of European Parliament enter the plenary chamber as they prepare to vote at the European Parliament in Strasbourg, eastern France, Thursday, July 18, 2024.
    Members of the European Parliament enter the plenary chamber as they prepare to vote at the European Parliament in Strasbourg, eastern France, Thursday, July 18, 2024. (AP)

An op-ed published by writer Ben Sills for Bloomberg on Monday paints a stark picture of Europe's current trajectory, describing a region grappling with economic turmoil and political uncertainty.

The piece highlights that recent decisions, particularly by French President Emmanuel Macron, may have sent shockwaves through the EU, pushing it to a precarious tipping point. 

The instability began when Macron, after suffering a significant electoral defeat to Marine Le Pen's right-wing National Rally in the European parliamentary elections, called a snap election in an attempt to regain political momentum.

This decision has since triggered months of market volatility and political tension in France—one of the EU's key economies.

According to Sills, this turmoil threatens to spread across the continent, undermining investor confidence and deepening divisions between EU member states.

Read more: Euro plummets, as Macron's snap election call shakes markets

The economic challenges facing the bloc are mounting. Germany, the EU's industrial backbone, is currently mired in a recession, with its automotive sector struggling to adapt to the transition to electric vehicles while facing weakening demand from China.

Related News

CNBC unveils strategic plan to revitalize Syria energy sector with US

Syria to sign deal to import electricity from Turkey, minister says

Meanwhile, a €30 billion semiconductor initiative involving Intel, intended to bolster Europe's tech independence, is reportedly unraveling.

In the tech sector, US firms are increasingly turning their backs on Europe due to stringent regulations on artificial intelligence, adding to the region's economic headaches.

Sills' analysis further points to growing disillusionment with the EU's leadership, as evidenced by Spain's criticism of its trade policies and growing unrest in member nations.

This fragmented response, Sills argues, reflects a larger issue; European leaders appear slow to recognize the scale of the crisis at hand, and their lack of decisive action has left the continent vulnerable.

Read more: The triple shock facing Europe’s economy: Economist

While Sills acknowledges that Europe has faced existential crises before—such as the eurozone debt crisis and Brexit—he warns that the current situation may push the EU into a more vulnerable position on the global stage.

If the bloc fails to modernize and address its economic and political divisions, it risks being relegated to a second-tier power in a rapidly changing world.

The op-ed's conclusions are clear; Europe's future is uncertain, and unless its leaders can bridge the growing gaps between economic realities and political ambitions, the continent may struggle to maintain its influence on the world stage.

  • Energy crisis
  • Europe
  • EU economy
  • European Parliament
  • Euro
  • European Union

Most Read

Shiekh Naim Qassem giving a speech commemorating the anniversay of martyr Mohammed Saeed Izadi, August 5, 2025, in Lebanon

Sheikh Qassem threatens 'Israel', warns against foreign intervention

  • Politics
  • 5 Aug 2025
Protesters chant anti-Israeli slogans as they carry a banner that reads:" Freedom for Palestine, Alliance stop the war," during a demonstration in support of Palestinians in Gaza, outside the Israeli embassy, in Athens, Monday, June 9, 2025 (AP)

Athens mayor slams Israeli ambassador over Gaza war, graffiti claim

  • Politics
  • 3 Aug 2025
Hezbollah says disarming Resistance is a blow to Lebanon’s sovereignty

Hezbollah to overlook cabinet decision; Amal urges corrective approach

  • Politics
  • 6 Aug 2025
Freed Lebanese freedom fighter Georges Abdallah during an interview on Al Mayadeen, which aired on Sunday, August 3, 2025 (Al Mayadeen screengrab)

Exclusive: Resistance key to building state, Georges Abdallah says

  • Politics
  • 3 Aug 2025

Coverage

All
The Ummah's Martyrs

Read Next

All
The head of Hezbollah's parliamentary bloc, Mohammed Raad, center, speaks to journalists after his meeting with Lebanese President Joseph Aoun, at the presidential palace in Baabda, east of Beirut, Lebanon, Monday, Jan. 13, 2025 (AP Photo/Bilal Hussein)
Politics

Raad: Disarming Hezbollah 'suicide',endangers Lebanon’s sovereignty

Houthi supporters wave Palestinian flags during a weekly protest against the US and the Israeli occupation in Sanaa, Yemen, Friday, July 11, 2025 (AP)
Politics

Sanaa rallies show massive support for Gaza, reject disarmament

Israeli soldiers watch the northern Gaza Strip from southern occupied Palestine, Wednesday, July 30, 2025 (AP)
Politics

Israeli war cabinet splits over Gaza plans as Zamir issues warning

A resident walks next to a mural painting glorifying six Palestinian prisoners who tunneled out of Gilboa Prison almost two weeks ago, and were arrested by Israeli forces, in Gaza City, Thursday, Sept. 23, 2021. (AP)
Politics

Palestinian prisoners electrocuted, abused in 'Israel's' Gilboa prison

Al Mayadeen English

Al Mayadeen is an Arab Independent Media Satellite Channel.

All Rights Reserved

  • x
  • Privacy Policy
  • About Us
  • Contact Us
  • Authors
Android
iOS