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Bubble, Bubble, Toil and Trouble: Europe Looks at a Complicated Future

Jakob Hallgren and Ana Palacio discuss how Europe might get from where it is to where its citizens need it to be.

Europe is under considerable stress from the Ukraine war, a deep energy crisis, inflation, roiled financial markets, looming recessions, social unrest, and political turmoil—on top of longstanding tensions between northern and southern countries over economics and western and eastern countries over cultural and social issues.

Arguably, Europe in general (and the EU in particular) is a mess.

The question is whether these forces will combine in ways that could produce less Europe or…

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