Europe Is at Risk of Sliding Into Economic Irrelevance

"I’m embarrassed to be European today"

Trump calls this “the biggest deal ever reached.” Deutsche Bank says that the deal is a relief. FT quotes a diplomat saying that there is no hiding of the fact that EU got rolled over by the Trump juggernaut. One European CEO says that "I’m embarrassed to be European today. I can’t believe we agree to a deal like this. No deal would have been way better long term".

Disregarding the nitty-gritty of the trade deal, there is of course no hiding of the fact that Europe is doing poorly. Let's have a one-sided look on Europe's weakness.