The Versailles Declaration: implications for Europe’s economic governance The Russian invasion of Ukraine marked a turning point for Europe and for globalisation. [14] When European leaders met in Paris on 11 March, they described the current situation as a “tectonic shift in European history”, with far-reaching effects on the structure and governance of the European economy.
Today, if a bank extends a loan, whether it is to someone who is self-employed, a small business, a small or medium-sized enterprise or a large company, it can bring those loans to us as collateral and say, “Here you go, I need funding”. And the funding is there, at very favourable rates.