If America’s president-elect delivers on his promises, the long-term costs – both domestic and international – are likely to outweigh any short-term gains. If he fails to deliver, the long-term costs will fall due much sooner.
“If Donald Trump’s victory in the United States’ presidential election was an earthquake, then the transition period leading up to his inauguration on January 20 feels like a tsunami warning,” says Spain’s former foreign minister, Ana Palacio. But the warnings have sounded the loudest across the Atlantic of late, with populists in Italy and Austria mounting fresh challenges to the stability of the European Union and its common currency.
“If Donald Trump’s victory in the United States’ presidential election was an earthquake, then the transition period leading up to his inauguration on January 20 feels like a tsunami warning,” says Spain’s former foreign minister, Ana Palacio. But the warnings have sounded the loudest across the Atlantic of late, with populists in Italy and Austria mounting fresh challenges to the stability of the European Union and its common currency.