The Rachman Review Is Trump a threat or an opportunity for the EU?
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May 22, 2025 
Paschal Donohoe, Ireland’s finance minister and president of the Eurogroup, dives into the euro's potential to challenge the dollar amidst rising nationalism and tensions. He champions deeper European integration, emphasizing the importance of immigration and a revised UK-EU relationship. Donohoe also tackles trade dynamics with the Trump administration, highlighting the need for stronger internal EU agreements. Plus, he discusses the digital economy and workforce mobility, advocating for standardized qualifications across member states.
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Euro as Political Solidarity Project
- The euro is fundamentally a political project designed to foster solidarity and collective success among member countries.
- Its evolution through crises shows the political commitment to stabilize and enhance the currency's role.
Interdependence's Dual Nature
- Economic interdependence can increase risk but also drives protective decisions for the euro's stability.
- Acting collectively in Europe is the best option despite global pressures to reduce interdependence.
EU Integration is Modern and Evolving
- European Union integration is profoundly modern, responding to global challenges with collective solutions.
- The EU and euro must keep evolving politically and economically to maintain legitimacy and effectiveness.