May 29, 2024
Economy

Europe must learn from America if it wants its economy to catch up


Issue Date

For most of the past two years, Russia’s President Putin has helped heal rifts between western democracies. In 2022, the United States and European nations came together remarkably fast to agree punishing sanctions on Moscow after the February 24 invasion of Ukraine, pledging financial support to defend Kyiv, and giving the moribund Nato alliance a new lease of life after the acrimony of the Trump years.

Today, as the war rages on, western unity has come under strain and there has been open division between Europeans and America’s Republicans over financial support for Kyiv, a standoff that was partially resolved last weekend after five months of recalcitrance from conservatives in the House of Representatives.

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