While large economies like Germany, France and the U.K. have been mired in stagnant growth and even recession over the past few years, Portugal, Italy, Greece and Spain have managed to flip the EU’s economic script. But questions remain as to whether the region’s economic momentum can be maintained going forward.
“America always does the right thing, after exhausting all other possibilities.” Those words, attributed to Winston Churchill, perfectly capture what finally transpired late last week, when the U.S. Congress finally passed a series of supplemental defense spending bills earmarking military aid for Ukraine, Israel and Taiwan.
A $61 billion aid package to help Ukraine was finally passed in Congress and will be signed into law. But questions still linger over Washington’s ability to act as a reliable partner to its friends and a determined adversary to its foes.
