Oh, it’s very well recognized. You can check the Mario Draghi report or even recent comments by ECB‘s Christine Legarde. I think it’s mostly reluctance to make big structural changes that seems to be the issue right now.

But when Draghi wrote his report, he was leaving the power structures. It will probably slowly change, but the neoliberal hegemony is still there.

I think the big issue is that all European elites have investments in the USA, and they don't have reason to pick EU over USA for investing. So there is nothing compelling them to voluntary worsen the relations.