EU is ill-equipped to meet growing global threats

LONDON, Nov 27 (Reuters Breakingviews) – The European Union would be more effective in a dangerous world if its 27 members could not veto so many joint initiatives. The snag is that EU countries are ever more reluctant to give up their right to block collective actions. Everywhere one looks, the EU faces challenges. Russia's invasion of Ukraine threatens the region's security and, by pushing up the price it pays for energy, has undermined its competitiveness. Meanwhile, rivalry between the United States and China - and a green subsidy race between the world’s two largest economies - is undermining the…