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Russia’s war of aggression in Ukraine is shaking up the EU, accelerating its evolution into a fully-fledged sovereign political power, complementing its existing economic strength. The EU has grown more powerful through several crises. “Economic Europe” has evolved into a strong and stable single currency, making the devaluations of the era of flexible exchange rate systems a distant memory. And since the eurozone sovereign debt crisis, the bloc has also strengthened its financial system and monetary tools.
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