Generals losing a war examine the enemy, battlefield and their own forces. Brussels prefers a different sequence, ordering new weapons first and worrying about the diagnosis later. That instinct was on display at the recent European Council meeting.
Faced with a trade deficit it cannot close and dependencies it cannot shake, the European Union agreed on a new label: “global macroeconomic imbalances”. To solve them, European Commission president Ursula von der Leyen was reportedly directed to…
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