Europe Has Fallen Behind America

Gideon Rachman: “The Ukraine war has revived the transatlantic alliance. But the relationship between the US and its European allies is increasingly lopsided.”

“The US economy is now considerably richer and more dynamic than the EU or Britain — and the gap is growing. That will have an impact well beyond relative living standards. Europe’s dependence on the US for technology, energy, capital and military protection is steadily undermining any aspirations the EU might have for ‘strategic autonomy.'”