Ostrum
  • News & Chronicles
  • France
  • Euro Area
  • United States
  • International
  • Politics & Society
  • Monetary Policy
  • Media
  • Decoding
  • About Philippe Waechter
Philippe Waechter's blog
  • Insights
  • About us
  • Expertise
  • Our people
  • Media

Philippe Waechter's blog
My french blog
  • News & Chronicles
  • France
  • Euro Area
  • United States
  • International
  • Politics & Society
  • Monetary Policy
  • Media
  • Decoding
  • About Philippe Waechter
  • News & Chronicles
  • Climate
  • France
  • Euro Area
  • United States
  • International
  • Politics & Society
  • Monetary Policy
  • Media
  • Decoding
Philippe Waechter's blog
Prévôté
Previous Next
  • 2 min

The world has changed without Europe

  • 2 April 2025
  • Philippe Waechter
  • Europe
  • Geopolitics
Total
0
Shares
0
0
0

“We have no eternal allies, and we have no perpetual enemies. Our interests are eternal and perpetual, and it is our duty to pursue those interests.” These are the words of Lord Palmerston, British Foreign Secretary in 1848, that Europe should have long since incorporated into its foreign policy framework.

With the disruptions observed on a global scale, Europe finds itself helpless. It believed more than any other part of the world that trade, democracy, and institutions were sufficient ingredients for a lasting peaceful framework. This Europe of peace has probably missed moments that should have been seized to adopt a geopolitical strategy consistent with a changing environment.

Today, the unsupportive policy of the White House since the arrival of Donald Trump towards Europe creates the perception that the old continent has, for a long time, indulged in a form of euphoria, withdrawn into its own construction and ultimately paying little attention to world affairs.

According to Jo Inge Bekkevold in a recent article in Foreign Policy, Europe has failed to act vigilantly at three important moments in recent history.
The first is the failure to recognize the imperial revival of Russian power. The energy talks, particularly those on the continent, reflected the idea that deeper trade would be beneficial and lead to stability on the continent. This has prevented Russia from seeing a resurgence of power.
The second point is that China’s rise has forced the Americans to shift their military focus to the Pacific and away from Europe. This shift in policy direction took place in the early 2010s, but it has not prompted Europeans to rearm. Military budgets have increased in only four countries. This is insufficient given the already noticeable American withdrawal.
The third moment is the rapprochement between China and Russia since 2014. China has allowed Russia to not feel isolated despite the tensions in Ukraine after the invasion of Crimea.

These three recent events should have been wake-up calls for Europe, signals of its isolation from the other three powers. Now it’s time to compensate for the end of cheap access to Russian gas, take into account the shift in American interests, the Sino-Russian agreement, and recognize that the American umbrella over Europe is no longer as effective.

Thus, in a limited timeframe, Europe must adopt a strategy that could have been implemented over the past ten years. This would have been beneficial for growth and would not have led to the haste and urgency into which Europe is now immersed, with the risk of disorganization penalizing activity and employment.
The world had changed and Europe did not want to notice it.

Related Topics
  • Europe
  • Geopolitics
Subscribe to the newsletter

All the news from Philippe Waechter’s blog in your mailbox


Loading

Le magazine d’experts d’Ostrum

ABOUT OSTRUM AM
  • About us
  • Media room
  • Our publications
  • Cookie Policy (EU)
FOLLOW ME ON
EXTERNAL LINKS
  • Economists
  • Think tank
  • Central banks
  • Blog roll
©Ostrum AM 2025
An affiliate of : Plan de travail 2

Input your search keywords and press Enter.

Manage Cookie Consent
We use cookies to optimize our website and our service.
Functional Always active
The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Statistics
The technical storage or access that is used exclusively for statistical purposes. The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing
The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.
Manage options Manage services Manage {vendor_count} vendors Read more about these purposes
View preferences
{title} {title} {title}