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The continent's fragmented military industrial base must also be addressed. A collaborative approach through joint projects like the European Defense Fund could improve efficiency, allowing Europe to catch up technologically with other superpowers and decrease reliance on external suppliers for critical advancements.
Evaluating Europe's Future
As Europe maneuvers through these complexities, its economic prospects remain uncertain. Current cycles of economic stagnation may seem daunting, but historically, Europe has shown resilience following crises. Should Europe achieve greater integration and reform its military and technological landscape, it once again stands poised to align closely with the U.S. or even eclipse its economic strength in the long term.