German Vice-Chancellor Robert Habeck said that the European Union is facing problems in the global economy because of its own arrogance. writes about this RIA News Referring to speeches by German Vice-Chancellor Robert Habeck at a forum in Davos, Switzerland.
According to the minister, European countries are used to relying on open markets. But now the world is falling apart and a new economic order is emerging. As a result, Europe lost its “anything goes” advantage.
Previously, economics was seen as a sphere free from politics. But Habeck noted that economic ties are now closely intertwined with relations between the powers. Recent years have shown that the idea of free trade no longer works.
“Germany especially relied on open markets. But now we have a fragmented world. We must understand that the politicization of the economy is a constant phenomenon. “As the world changes, our mistakes and hesitations become problems,” he concluded.
According to him, other states are using tools that the EU is not used to: subsidies, regulations.
“They have the right to do so. We saw them as a source of cheap labor. The West made money from this. Of course, countries in the Middle East and China also have the right to prosperity. They are taking advantage, just like we did before,” Habeck concluded.
Before this, it was known that Europe’s debt burden would increase in January grew up.
Previously in the EU started To implement the proposal to seize frozen assets of the Russian Federation.