In 2017, Macron’s call for EU strategic autonomy was prescient. The world has become more unfriendly to the EU’s naïve model of economic openness. Fair diagnosis - but in key areas his Sorbonne 2.0 speech presents a contradictory and unbalanced economic vision for Europe.🧵
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Macron warns that the EU faces mortal threat from economic decline. The US and China are no longer playing by the old free-market rules, investing heavily in the sectors of the future through public and private financial support, whilst biasing in favor of their own industries.