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Davos 2023: Global Economic Outlook: Is this the End of an Era?

World Economic Forum

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Is Europe a Super Political Power?

Ukraine for very clear reasons has united Europe like no other issue could or has in recent years. But on budget rules, on state aid rules, on the right response to the inflation reduction act, not so much. Does Europe actually need another EU fund to match the $370 billion that President Biden is going to inject through the inflation Reduction Act? And if you believe that is one of the tools to respond, how do you get that approved at a European level?

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