The great and the good of this world met in Davos this week to tell each other how wonderful they are. But amid all the bonhomie and back-slapping there loomed the spectre of You-Know-Who.
Donald Trump’s landslide victory in the Iowa caucuses was his first significant step towards a second term in the White House. His first was bad enough for the Davos set, but the possibility that Trump and his Deplorables might triumph in November is too much for many to bear.
Last week, Christine Lagarde, head of the European Central Bank, described Trump as ‘clearly a threat’ to Europe because his ideas on the environment and trade are out of sync with their own. Her views were echoed this week at Davos by Philipp Hildebrand, an influential Swiss financier, who declared that four more years of Trump ‘would challenge Europe fundamentally’.
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