European leaders brace for potential challenges from a second Trump term
European leaders are increasingly concerned about the potential return of Donald Trump to the White House. His proposed tariffs could spark a trade war, and he may withdraw U.S. support for Ukraine, raising fears about Europe's security and economic stability.
The EU is preparing for discussions on how to strengthen its economy and defense. A draft declaration for an upcoming summit emphasizes the need for decisive action to enhance competitiveness and suggests creating a new savings and banking union by 2026.
Leaders from EU member states will meet in Budapest to address these challenges. The discussions will focus on mobilizing investments and finding ways to increase the EU's financial resources, despite resistance from fiscally conservative countries.