Former Italian PM Letta Warns Mideast War is 'Big Problem' for EU Competitiveness
Enrico Letta, former Italian prime minister and author of a key report on the Single Market, stated that the Middle East war poses a "big problem" for the European Union's competitiveness. He noted that many recommendations from his April 2024 report remain unimplemented.
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Mideast war a 'big problem' for EU competitiveness: Former Italian prime minister Enrico Letta
We speak to an influential voice on European reform, the former Italian prime minister Enrico Letta, author of a landmark report on the future of the Single Market, presented in April 2024. Two years on, he says many of its recommendations remain unimplemented, warning that continued fragmentation of the Single Market – and by extension the energy market – is contributing to higher costs for the EU amid the war in the Middle East. We also ask him about the EU’s plans for a digital single curr...
By Armen GEORGIAN
Read full article →The Iran war just broke the petrodollar
The virtuous loop that has seen America underwrite stability in the Middle East in exchange for Gulf states recycling their dollar revenues into U.S. Treasuries has been broken.
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