Europe stands at a defining moment. As security threats intensify and strategic competition deepens, strengthening Europe’s defence readiness is not only a matter of security. As highlighted by Mario Draghi, strengthening Europe’s defence can boost the competitiveness of the EU, which, despite being the world’s second-largest defence spender, still lacks a strong and integrated defence industrial base. This must change: it is time to think creatively and turn strategies into action.
Europe’s economic relationship with the United States is often described as resilient. In reality, it is indispensable and therefore dangerously exposed to policy shocks.
