This is not surprising for the countries of the European Union, which found themselves faced with a state of economic uncertainty in which there was no vision and real doubts about the foreseeable future of these countries . This is not surprising, as many factors in recent years indicated that Eurozone countries would face major and far-reaching repercussions from events beyond the control of European foreign policy makers, on the one hand , and, on the other hand, other events emanating from the heart of these policies.
The Corona pandemic has shaken the thrones of European economies, after revealing the strong fragility of these economies, unable to cope with the emergency circumstances caused by this crisis, after the imposition of isolation and closure measures, l production and marketing chains came to a halt, and the European Union, which presented itself as one of the greatest powers, was exposed. Regional and regional developments around the world are facing a very difficult testing time. The repercussions of the global health crisis were not limited to the crisis period alone, but the post-crisis phase was no less influential and worse than the intensification phase of this crisis. The main conclusion, which has not been hidden in this regard, is that the economic situation of the Eurozone countries has not been able to cope with a specific global emergency.
If this factor escaped the control of the political and economic decision-making centers of European countries, then other factors were the inevitable result of the nature of foreign policies decided in the decision-making laboratories of the Old Continent, the most important of which remains this that we can call the lack of decision-making sovereignty of the countries of the European Union in the face of major world events, in particular with regard to the Russian-Ukrainian war which broke out in the depths of the continent, and that it was logical to oppose him to a purely European war. policy which takes into account European interests above all, and the situation is such that the governments of European countries have chosen to face this dangerous development. As part of a political and military bloc represented by NATO, led by the United States of America, for which the Russian-Ukrainian war represented a great opportunity to weaken its main competitor and establish unipolarity In the dominant global system, the governments of Eurozone countries have agreed to limit their role to a very large extent to the provision of financial liquidity. Media and diplomatic support for a war represents a real moment of confrontation between the main forces active in the current world order. It is therefore neither strange nor surprising that many economic indicators on the Old Continent have deteriorated after the cessation of energy and food supplies to two countries which produce a large part of the world's food basket and energy reserves.
The developments were not limited to this level, but the repercussions expanded and spread to other vast areas, with the countries of the European Union finding themselves on the sidelines of the intense and violent economic competition between the States- United States of America and China, which have taken advantage of the state of tension prevailing in the world and the heated confrontation between the two traditional powers to achieve strategic economic gains.
All these factors and developments, and many more, have revealed developments that are worth considering and reading in their real context. They revealed that the so-called (European economic immunity) is actually going through a difficult and difficult stage. took him from the level of declared immunity to a state of fragility and dependence. It also revealed a state of great weakness in European decision-making centers and that Eurozone decision-makers no longer had the charisma and strength that characterized the main European political leaders who were influential in global situations.
A report published two months ago today by the European Central Bank confirms these facts, warning of the difficult economic conditions facing and experiencing the European economy, and warning against what it described as “the slow suffering” of the economy of the Old Continent. and emphasizing that European industrial productivity is growing very slowly compared to its competitors. For a quarter of a century, European companies have been investing in modern technologies at a low rate compared to their competitors. Data released by a specialist international agency and recorded a few months ago today showed that European countries the size of Germany, France, Italy and Spain were facing a decline of their production of durable capital goods and consumer goods. Other parties also cited in this regard what they described as a “distress call” launched by large European factories, as is the case of European automobile factories, some of which have announced the closure of a many of their main industrial units in European countries due to the great financial difficulties they faced after the outbreak of war. Competition in these industries and their orientation towards alternative energies. Furthermore, these circles declared that European industries are particularly suffering from the slowdown in domestic demand, the shortage of qualified labor and the effects of the Russo-Ukrainian war, and confirmed in this regard that the countries of The European Union faces average energy prices that are double those of the United States and China. Former European Central Bank President Mario Draghi also expressed concern in a report submitted to the European Commission about what he called “the slowdown of the European Union in relation to China and UNITED STATES “. He said the G7 and G20 countries are condemned to a “slow death” if they do not act.
Thus, European policies formulated by a new political class on the Old Continent have reduced the level and weight of the Union to match the size and strength of the political class that created it. Thus, the Eurozone countries have turned into a group of weaklings. If the situation continues like this, the decline of the position of European countries in the global balance of power will rapidly increase, portending their transformation in the near future into simple servitude and loyalty to certain world powers.
