A service of the

Forum · Issue 2 · 2025
Geopolitics, Big Tech and the Future of European Security

Forum · Issue 1 · 2025
EU Competitiveness: Navigating Challenges and Seizing Opportunities

Forum · Issue 6 · 2024
The Priorities of the Next EU Commission

Forum · Issue 5 · 2024
The Future of European Industrial Policy

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Forum · Issue 4 · 2024
Ensuring European Security and Stability

Editorial
Discontent Is Europe’s Main Threat

For decades, the European Union has been cast – at least among its champions – as an undisputed force for good. But today, many European citizens are sceptical – and this discontent is the greatest threat to the European project, writes Andrés Rodríguez-Pose.

Global Trade Policy
Does Trump Know What He Wants from Europe?

Not knowing what he wants from Europe is only one of the obstacles between President Trump and a successful tariff negotiation. Europe could, however, emerge in a stronger position, writes Jason Furman, while the US may struggle to recover from this self-inflicted wound.

Big Tech
AI Made in the U.S.A. – Can Europe Learn From the Past?

To win digital sovereignty, European companies need to outperform their U.S. counterparts. Good regulations can actually help new AI market leaders emerge. Europe needs to lower barriers, attract talent and compete with the U.S. and China, writes Lutz Finger.

Letter from America
China-Russia Cooperation: Economic Linkages and Sanctions Evasion

Elina Ribakova examines the symbiotic but asymmetrical relationship between Russia and China: Russia is an ideological ally for China to challenge the current international order. However, China still has not committed to a deeper partnership with Russia.

Forum
The EU’s Tech Policy Amid US-China Decoupling

Given the growing frictions across the Atlantic over trade and technology on the one hand and the US's decoupling approach vis-à-vis China on the other, Europe has little incentive to follow Trump’s China policy, writes Margot Schüller.

Forum
Big Tech and the US Digital-Military-Industrial Complex

Andrea Coveri, Claudio Cozza and Dario Guarascio examine the increasing role of Big Tech in the US digital-military-industrial complex and its impact on global power dynamics, highlighting the challenges Europe faces in achieving technological independence.

Quote of the Month

"[O]ur decision-makers wring their hands over declining global influence, about competitiveness, defence, climate change, the digital transition. All of these, of course, are highly pressing concerns.… But let us not delude ourselves. All these priorities will become academic if Euroscepticism continues its march towards outright dominance."

Andrés Rodríguez-Pose

Discontent Is Europe’s Main Threat

Current Issue

Volume 60
2025
Issue 2

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Figure of the Month

Real house price change vs over/undervaluation in EU countries

Following monetary tightening and a significant increase in mortgage interest rates, house prices began to moderate in mid-2022, and this trend continued into 2023. In the EU, house prices decreased by 0.3% in 2023. The adjustment was strongest in Luxembourg and Sweden, where prices were estimated to be most overvalued and household debt was and is highest. By the end of 2023, house prices were still estimated to be overvalued in three-quarters of the EU.