pa2852c.jpg Paul Lachine

A Europe for the World

As the EU aspires to become an international power, its choice is simple. Either Europeans act in unity to confront the tremendous challenges presented by the tumultuous changes now underway in the world order, or they will be doomed to act as spectators in a world in which they have little or no say.

MADRID – Despite the welter of economic problems surrounding Europe, one fact should not be forgotten: the European Union remains the world’s largest economy. With a GDP of more than €15.5 trillion, it is larger than that of the United States. And, with 20% of world trade, the EU is also the world’s second-largest exporter and importer, after China and the US, respectively. The EU is, quite simply, the world’s leading commercial power.

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