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Editorial: El País

  • The IMF presents its annual report on the euro zone at a time of geopolitical, technological, and environmental change.
  • The report highlights the resilience of the single currency but warns of future challenges.
  • The needs for rearmament and decarbonization will increase the European budget by 50%.
  • Increasing defense expenses is a priority, following evidence from the war in Ukraine and the return of Trump.
  • Changes are needed for the EU's multiannual financial framework.
  • Bets on coordinated investments in innovation, clean energies, and defense could avoid costly duplications.
  • Declared urgency to deepen the single market and banking union to maintain competitiveness against its competitors.

Conclusion: With globalization and current challenges, Europe needs to aim higher and design its own path, moving away from orthodoxy to avoid irrelevance.