France's Macron Shares Lessons Learned From Brexit

Emmanuel McComb calls for a European renaissance, highlighting lessons from Brexit and the need for protection against modern shocks. He warns of foreign interference in elections and suggests reforms in the Schengen zone and defense cooperation. Economic concerns in Europe, including low growth and inflation expectations, are discussed, with a focus on the eurozone's exposure to global cycles. The inherent issues in the monetary union, such as currency disparities between Germany and Italy, are also examined, raising concerns about potential breakup risks.

What factors are contributing to the confidence crisis in Europe as discussed in the text?

What inherent problem in the monetary union is highlighted in the text?