Just what is the scope of the European dilemma and how did it come to be? What we're witnessing now is the battle of narratives to win the spirits and the souls of people.
In his opening remarks to EU Ambassadors this week, Vice President of the European Commission Josep Borrell declares, "This is a perfect storm."
Having previously warned The Fed that it is "bringing us to a world recession," Borrell went far further in a very candid and straightforward statement.
He started by stressing that "the world we are facing is a world of radical uncertainty."
The speed and scope of change is exceptional. We should not try to deny it. We should not try to resist it. It would be a futile effort. We have to accept it and to adapt [to] it, prioritising flexibility and resilience.But uncertainty is the rule. Events that one could imagine that they will never happen, they are happening one after the other.At this pace, the black swan will be the majority. It will not be white swan...
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