The EU is wealthy but has limited power projection. Only France and the UK can realistically be considered great powers, and even then not on the scale of the US, China, or Russia.
France and the UK? What about Germany?
In term of military power mostly I guess.
It's the only EU nations with nuclear weapons, aircrafts carrier, nuclear submarines, ...
Correct. Germany is an economic powerhouse, but lacks military might and therefore power projection.
Why just two? If our stranglehold on the world breaks, the EU and Russia are easily capable of carving out their sphere of influence.
People really underestimate how populous and wealthy and powerful the EU is.
It's strange how the narrative changes in such a short time period. Just 10 years ago, I remember people talking of "chimerica" as if the US and china were going to merge into a single world ruling entity.