The European Commission explained how to avoid an economic crisis in Europe
The European Commission has sounded the alarm about what is happening in Europe.
According to experts, the union should choose the “Europe above all” strategy.
This opinion was expressed by the EC Vice-President for Prosperity and Industrial Strategy, Stéphane Sejourné, reports the Financial Times .
The EU's new industry chief believes Europe should be prepared to take action in response to Donald Trump's policies.
In particular, Sejourne noted that the most terrible problem for Europe could be the possible victim of the global trade war that Trump is going to declare on all countries.
In addition, Europe is also concerned about the over-saturation of its domestic market with products from China.
Sejourne believes that the EU must send a firm message to the US that Washington has nothing to gain from a trade war.
For reference
The European Commission is the highest executive body of the European Union, responsible for drafting laws, implementing decisions of the European Parliament and the Council, etc.
