Mārtiņš Kazāks, the President of the Bank of Latvia, highlighted in an interview that the disunity within Europe significantly hampers its economic growth while also posing risks to both security and welfare. He noted that the tariffs implemented by the United States negatively impact the European economy, but the internal tariffs established among European nations are even more problematic. Kazāks pointed out that, according to assessments by the International Monetary Fund and the European Central Bank, the average tariff on goods within Europe is approaching 40%, while tariffs for services exceed 100%.

Kazāks criticized the double standards within Europe, where there is significant outcry regarding the U.S. imposing a 15% tariff while European nations have established their own high tariffs against each other. This fragmentation leads to a more complex trade environment, adversely affecting the ability of European countries to compete on the global stage. He emphasized that such divisiveness in trade regulations threatens not only economic progress but also the security and prosperity of Europe as a whole.

In conclusion, Kazāks urged for a reevaluation of the internal tariff structures and called for more cohesive policies among European nations. He warned that unless Europe addresses these internal divides, it will continue to fall behind in terms of economic growth and stability, jeopardizing the continent's overall wellbeing and security in an increasingly competitive global landscape.