Europe’s economy is in trouble. Growth has been moribund for a decade and a half. Worries about the continent’s shaky fiscal foundations and its heavy regulatory burden are only growing. Now, governments across the continent have a third economic threat to worry about: Donald Trump. The US president has threatened tariffs on European exports and told Nato allies they should spend 5% of GDP on defence—an unaffordable expense for most of the region. So how much trouble is Europe in?
Hosts: Mike Bird and Ethan Wu. Guests: The Economist’s Christian Odendahl and Stanley Pignal; and Luis Garicano, an economist and former member of the European Parliament.