Decoupling From the US Cloud: A Step Backwards

The European Union faces two simultaneous crises. There’s the slow-burning loss of competitiveness vividly illustrated in former Italian Prime Minister Mario Draghi’s recent report. Facing a shrinking workforce and structurally high energy costs, Draghi argued that EU firms must drastically improve their use of technology to boost the bloc’s productivity.

The second crisis is the decline of the rule-based international economic order on which Europe’s economy relied, which was made urgent by US President Donald Trump’s trade war.