Europe’s Restraint Makes Trump’s Tariffs Pay
Tariff revenue is bankrolling American tax cuts, and Europe is quietly footing the bill.
How Should Europe and Germany Respond to Trump?
Europe’s €2 Trillion Budget Buys Less Investment, Not More
Sonja Hennen and Dominika Biegon
Once NextGenerationEU expires, the EU’s real fiscal capacity falls, leaving a €300 billion annual investment gap.
America’s Fiscal Crisis Is Europe’s Chance to Build a Treasury Market of Its Own
The EU should seize the moment to gain strategic autonomy by creating its own safe asset.
The ECB’s Costly Illusion: Rate Hikes That Do Not Reach Inflation
Central banks are again poised to raise rates against an oil-shock inflation — and again the costs will dwarf the effects.
Leveraging the EU Single Market to escape the Trump Trap
Sabine Stephan and Sebastian Dullien
Twenty-one of 27 member states saw their exports fall under Trump’s tariffs; the EU’s strongest lever is its own single market.
A Post-American Europe Must Build Its Own Power
As Washington turns transactional and Beijing rises, Europe must convert its economic weight into genuine strategic power.
The EU Trades One Gas Dependence for Another
The bloc has swapped Russian pipelines for American tankers — without breaking its addiction to imported fossil fuels.
Declining Dollar Dominance: Potential Euro Gains
Silke Tober and Thomas Theobald
Without large-scale joint debt and deeper safe-asset markets, the euro cannot capitalise on Trump’s assault on dollar credibility.
Madrid Has the Cure for Trump-Era Energy Shocks
Spain’s heretical VAT cut tames inflation—a model for Europe as Trump’s tariffs and Middle East shocks bite.
Britain Must Choose Europe—and Its Leaders Need to Admit It
The great powers have competing theories of victory; Britain’s path leads inevitably to alignment with Europe.