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Common EU debt issuance does not create an off-the-shelf bazooka. Making bonds work implies inevitable trade-offs and requires real tax revenues.

The Trump administration is likely to change course on Ukraine. Their options limited, the Europeans need to prepare for “deal” and “no deal” scenarios.

There is a chance for renewing the transatlantic relationship under the second Trump administration.

The threat posed by Russia has spurred NATO and EU members to start rebuilding their military capabilities. Maintaining policy attention will be key.

Europe needs to deepen its defense industrial base. And closer cooperation would enhance the continent’s defense posture, too.

Securing the future defense of the Euro-Atlantic in an Indo-Pacific era will be critical for Europe. A robust strategy is needed to keep the CRINK states―China, Russia, Iran, North Korea―in check.

The continent is facing challenges on many fronts and needs to improve its strategic capability. But where can the money for this come from?

For decades, it has been easier for Berlin to invoke American power than to compromise with its continental neighbors. This has always been a risky bet. Trumpism will force Germany back into Europe—to its benefit.

The re-election of Donald Trump as US president may actually lead to some positive development in Central and Eastern Europe. The countries so far reluctant to spend big on defense may finally come round to doing so.

Challenges to the liberal West are no longer limited to Russia and China. Within the West, a new generation of transatlantic right-wing populists are networking and looking to attack the establishment, as developments in France show.

The different camps within Europe will need to come together and find ways to come to terms with Donald Trump in the White House.

Donald Trump’s re-election speaks of the definite end of the globalization consensus in the United States. It also represents a tectonic shift in US foreign policy, says Emily Haber, Germany’s ambassador to Washington during the first Trump administration.