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Politico (19 December 2024)

By MATTHEW KARNITSCHNIG

Europe is running out of time.

With Donald Trump poised to retake the White House in a few weeks and the continent’s economy in a deepening funk, the bedrock on which the region’s prosperity rests isn’t just developing fissures, it’s in danger of crumbling.

Europe’s economy has proved remarkably resilient in recent decades on the back of the bloc’s eastward expansion and strong demand for its wares from Asia and the United States. But as China’s long-running boom winds down and trade tensions with Washington blur the transatlantic trade picture, the salad days are clearly over.

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