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The Guardian - UK
The Guardian - UK
Business
John Collingridge and Heather Stewart in Davos

‘They need a reset’: gloom in Davos as Trump boom leaves Europe behind

European Union Europe Donald Trump Mario Draghi Davos United States Euro Nicolai Tangen Ursula von der Leyen America
Donald Trump speaks at Davos
Donald Trump told the World Economic Forum meeting in Davos via video link that the US had ‘some very big complaints with the EU’. Photograph: Michael Buholzer/AP

In the bars, hotels and windowless conference halls of the World Economic Forum in Davos, two themes dominated the conversation: America’s ascendancy and Europe’s decline.

If the scale of the continent’s problems was unclear before politicians and chief executives descended on the Swiss ski resort, there was no ambiguity by the time Donald Trump had finished speaking.

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