The best response to the worsening geopolitical outlook is a stronger state balance sheet. The government has chosen to wish it away.
The current energy shock is not just about war – it is the result of long-term policy failures that have left Europe dependent, exposed, and scrambling for alternatives.
We’ve been here before: a war, an energy price shock, a government response. Blanket fuel subsidies should be ruled out.
Qatar halts LNG production and tanker traffic comes to virtual stop at key waterway, as Iranian attacks raise risks for global economy, write Summer Said, Georgi Kantchev and Benoit Faucon, The Wall Street Journal.
US banker Alex McWhorter has headed Citi’s Ukrainian business since 2018. Having turned its vault into a bomb shelter, the bank is now growing along with the country’s economy – but real prosperity depends on peace.
Secretary of State Marco Rubio offered a warmer tone at this year’s Munich Security Conference, but European officials say the trans-Atlantic fissure remains, writes Yaroslav Trofimov, The Wall Street Journal.
Could Russia launch a war across Europe? The Germans aren’t waiting to find out, writes Gordon Fairclough, The Wall Street Journal.
US President rules out using force to take control of Greenland and calls off promised tariffs on European nations, write Alex Leary, Daniel Michaels, Bertrand Benoit and Robbie Gramer, The Wall Street Journal.
The U.S. has long been a beacon of safety when uncertainty reigns. That is changing, write Justin Lahart and Sam Goldfarb, The Wall Street Journal.
The US no longer sees Europe as a part of the "collective West", but rather a declining vestige of past alliances that are to be replaced by the hegemony of the America First. To date, Europe has had no response.
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