Europe is grappling with significant economic and security challenges exacerbated by decreased U.S. commitments and policies that have hindered competitiveness. European leaders, such as Ursula von der Leyen and Mario Draghi, emphasize the need for reform in fiscal rules to enhance defense spending and address regulatory burdens that stifle economic growth. Both leaders acknowledge Europe’s overdependence on U.S. protection and innovation, underscoring the urgency for Europe to self-empower in addressing its intertwined crises.
"Both these shortcomings - supply and demand - are largely of Europe's own making. They are therefore within its power to change."
"I believe we are now in another period of crisis which warrants a similar approach [to defense and economic investment]."
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