The rise of populism could threaten the future of the European Union.
The rise of populism could threaten the future of the European Union. That was one opinion which emerged during discussions on the second day at the World Economic Forum in Davos on how the European project is faring.
Economic Commissioner Pierre Moscovici put the impact of the UK leaving the bloc into context.
“Brexit, respectable but regrettable. It’s a wake-up call for us. We need to co-operate more because union is the best way to co-operate for our member states. Second, of course Europe will be there, and I can tell Joe Stiglitz, that hopefully, Euro will also be there. But we need to do what’s necessary for it to be capable of creating convergence between our economies.”
Outgoing US Vice President Joe Biden who was also in Davos, said in his last major speech before leaving office that Russia was the biggest threat to the international liberal order.
“Simply put, Mr Putin has a different vision of the future. It seeks to return to a world where the strong pulls this world to its military might, corruption and criminality while weaker nations have to fall in line.”
Day 3 sees the arrival of British Prime Minister Theresa May in the wake of her big Brexit speech. Russia will also be in the spotlight in a panel moderated by euronews’ Isabelle Kumar. Join euronews for special coverage from the forum throughout the day.
— AP Business News (@APBusiness) January 18, 2017