4min chapter

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The New Political-Economy | Russell Napier, Edward Chancellor, & Helen Thompson

Hidden Forces

CHAPTER

The Threat to the Eurowizard Reserve Currency

There's some huge structural issues being raised for Europe. Because it's so obvious there's a clash between China and America, I think we're not really focusing enough. At least two of the senior people who run in Europe seem to realize that there's a shift on the way. Any talk by Macron and others about strategic autonomy in Europe is probably out the window. We haven't even begun to discuss the role of sovereign debt in Europe,. It has been an ongoing problem since the 2008 financial crisis. You have very challenging demographics in Europe as well. And then you add to that the energy problems.

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