Hi everyone and welcome. I'm here today with Alexander Mercuris and we are very excited to have

Jeffrey Sachs back to discuss the political changes within the West. So I guess mainly focusing

on two major issues happening now. One is Europe's of course deindustrialization, I would

say reckless militarism, diplomatic

decline, and one could add growing irrelevance in the world to this list.

And as if Europe doesn't really need that much help to undermine its own interest or position

in the world, but nonetheless, there's now growing concerns that the Trump presidency as well might

cause a further decoupling and the relevance of Europe.

So I thought, yeah, we could jump into this topic because, again, Professor Sachs, you are

an economist, you advise the United Nations and governments around the world.

I think Brazil and Peru, Bolivia, Poland, Slovenia, Soviet Union, Estonia, Russian

Federation.

So I've seen a large part of the world.

Yeah, and a few.

Very lucky.

A dozen African countries.

So I think, you know.

And Asia.

I've watched China develop over the last 40 years and India develop over the last 40 years pretty close in.

It's been a very interesting, interesting view.

Yes, you're able to see when things are going right and also when they're going wrong and how to fix this decline, of course.

So, you know, based on your expertise, what do you see happening to Europe now?

...