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Prof. Boyan Durankev: Europe must take into account the winds of change that the Trump 2.0 administration will bring

And in Bulgaria, the condescension and waiting to see what will happen in the EU, what the anchor points will be, will probably continue and may direct the NA , which will meet on Monday, for the next elections, to wait to see which way the wind will blow from the headquarters in the EU and from Trump - who he will define as his deputies, even in the Republic of Bulgaria, commented the economist

Nov 9, 2024 15:40 91

Prof. Boyan Durankev: Europe must take into account the winds of change that the Trump 2.0 administration will bring  - 1

< strong>The economy turned out to be the main factor in Donald Trump's victory in the US election. His goal will be to get the American economy on top and keep it going. This is what he said about the show "Newsroom" on Radio "Focus" the economist Prof. Boyan Durankev. Europe must take into account the winds of change that the "Trump 2.0" rule will bring with it, he warned.

"We have a perfectly legitimate victory, but for a large part of the romantics, for some reason, it was unexpected. And in fact, it should be expected, just as the new winds of change under the administration of "Trump 2.0" should be expected. If we don't count the winds of change, and we don't turn our wind indicator /bel. row – of the EU and Bulgaria/, to combine it with that of Trump, we risk falling under the slaps of the so-called "double punishment", the economist also commented.

Prof. Durankev also explained what the "double punishment" is: "After we have erected a wall in the East – to Russia and China, now if Trump really wants to make the American economy great again, he'll change tariffs and tariffs on imports like nothing. The Republican has promised 20% on all imports and perhaps 100% on goods from Mexico if that country does not detain migrants. So Trump, who will have much more power than before, will be quite interesting for the whole world. The European Union must approach very carefully, and if it loses pace and initiative, it risks becoming not a second-rate, but a third-rate power.

The EU has lost its leadership position to be the first in many respects in solving problems, the economist also comments.

"The first problem that arose in the EU was before the COVID crisis, the second that multiplied the problems was the COVID crisis itself, the third multiplication of misfortunes for the EU was the severance of relations with the Russian Federation and partly with China. Right now, the paths to the future are extremely unclear. There is no highway to the future from the European Union in sight. So far, we have more noise from the locomotive whistle than practically clear actions of what will be done. But the most unpleasant thing is that in all respects the EU has lost its pioneering positions and now therefore does not know what to do and where to look", he explained.

The reactions of the Bulgarian leaders after the victory of the Republican in the USA, Prof. Durankev commented as follows: "Complete indifference to what is happening in the world, but taking out many pictures with Donald Trump".

"And in Bulgaria, the condescension and waiting to see what will happen in the EU, what the anchor points will be, will probably continue and may direct the National Assembly, which will meet on Monday, to the next elections in order to waited to see which way the wind would blow from the headquarters in the EU and from Trump – whom he will designate as his deputies, even in the Republic of Bulgaria. That is why everyone is waiting and looking around, not knowing where to go. Everyone is licking their lips at the expected benefits of the change of winds. There will be a major shake-up that will be very sobering, not only making us look at where we are going, but also to look for new connections, new markets and relationships. We will have to accept the world as a single lego, in which each country has some supporting role in the whole construction,", concluded Prof. Boyan Durankev.