The European Union (EU) is hardly renowned for its speedy decision-making Quite the opposite in fact But the EU has shown that it can act very quickly in some situations Examples include strengthening cooperation on internal security after 9/11 and establishing a bailout programme and introducing tighter banking controls after the financial crisis of 2008 These examples show quite clearly that the EU can act - and can even act quite quickly - if it wants to. It has to be admitted, however, that these surges in cooperative behaviour and decision-making speed were due to the sense of urgency inherent in the crisis situation in each case. Today in China, we are seeing how a vision is creating a similar sense of urgency and momentum The Belt Road Initiative (BRI) proclaimed by President Xi Jinping in 2013 and commonly referred to as the New Silk Road has attracted investments worth billions and is firing the imagination of business communities and politicians in Asia. Central Asia and Europe.
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