What keeps EU leaders up at night? Not Brexit, according to Grace Blakeley.
Blakeley writes that 'Brexit is simply adding insult to injury' to Europe, as it faces structural debt crisis, ailing banks and the lowest level of economic confidence since 2013.
Blakeley cites a EU report which calls China a competitor and a rival. The report was published days before the French President Macron, German Chancellor Merkel and EU Commission President Juncket met the Chinese President Jinping.
Despite the fear of China, Blakeley points out that “the truly existential questions the EU faces are internal”.
“Who will pick up the tab for economic stimulus, financial stability and industrial strategy – northern European states, big business, or southern Europe’s impoverished citizens? Who makes policy – unelected bureaucrats, the European parliament, or member states? And who will determine the future of the bloc should the UK leave – Germany, France, or Brussels?”