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Home » Jeffrey Sachs: EU Panics as Peace Breaks Out (Transcript)

Jeffrey Sachs: EU Panics as Peace Breaks Out (Transcript)

Read the full transcript of Jeffrey Sachs’s talk/lecture/interview at INTERVIEW on Feb 26, 2025.

Listen to the audio version here:

TRANSCRIPT:

GLENN DIESEN: Hi everyone, my name is Glenn Diesen, and today we are joined by a dear friend, Professor Jeffrey Sachs. We have spoken a lot in the past about the US-Russian rivalry at the core of the NATO-Russian rivalry, and we’ve discussed the efforts by the Americans and the Russians to end the war and restore relations. However, today I wanted to ask you about the Europeans and their role.

Europe’s Panic as Peace Prospects Emerge

GLENN DIESEN: You were just speaking at the EU Parliament, and your speech is now all over the internet. We’ve ended up in a very strange situation where everyone wants the war to end. We find the US, Russia, China, indeed most of the world on the same page, including the majority of Ukrainians who are even willing to accept territorial concessions to get peace.

It seems like the one exception, or at least the main exception, is the European Union, in which the threat of peace appears to spark panic. The Danish Prime Minister even argued that peace may be more dangerous than war.

This is a huge shift because the EU was sold as a peace project. Indeed, in the 90s, the Russians contrasted the EU as the “good West” versus NATO as the “bad West.” How can we explain this panic? Is it interest, ideology? Do they believe their own narratives that Russia is attempting to restore the Soviet Union? Is it dependence on the US? How are you reading this dramatic negative shift by the European Union?

JEFFREY SACHS: Thanks, Glenn. Great to be with you. I have to say, I’m confused, because I would have expected more from Europe.