On the security front, European countries are engaged in deep soul searching on the responsibility they can take for defence and how they can come together in order to determine their own security policy and be less dependent on the US, Mr Lee said.
“It’s going to be not just a lot of budget, but it’s also going to be the difficulty of coming up with a European policy (on) security, direction and action. And that’s a fundamental change to the world,” he said.
Ukraine, on the frontline of a war with Russia “with a completely different US”, will now have to think about what is a realistic path forward, Mr Lee added.
