Context "For years, the European Union believed that its economic size, with 450 million consumers, brought with it geopolitical power and influence in international trade relations. This year will be remembered as the year in which this illusion evaporated." said Mario Draghi during the Rimini Meeting on 22nd August 2025. In order to grasp what Draghi was referring to, one should think about the international environment in which Europe operates nowadays. The Russian invasio

Foto di Adrien Olichon da Pexels On the 18th of March 2025, the German Parliament passed a package of constitutional reforms, unleashing hundreds of billions of euros earmarked for defense, infrastructure, and projects. For decades, Germany has been considered the epitome of fiscal discipline. From the early days of the European Monetary Union, the Bundesbank has opted for tight budgetary controls and low inflation policies, resisting fiscal expansion. With this historic shi

Illustration: Anna Ziegler; Source: The Economist Context On 23rd February 2025, federal elections were held in Germany to elect the 630...