The FinCEN Files provide a stark reminder that protecting European companies and protecting European interests are not always the same thing. Governments should look again at the relationship between megabanks and democratic politics.
If the European Union’s new recovery programme succeeds, it may ultimately pave the way for the establishment of a fiscal union. But, if the EU funds fail to deliver on the plan’s stated goals, federal aspirations will be dashed for a generation.
Just as they have on the economic recovery, Berlin and Paris must overcome their differences and present a courageous plan to create a Europe that takes decisive geopolitical action
The coronavirus pandemic started as a health crisis, but it will have long-term political, economic, and social implications. In an exclusive interview with the head of ECFR’s Madrid office, José Ignacio Torreblanca, EU foreign policy chief Josep Borrell assesses the European response to the crisis, its geopolitical consequences, and its effects on conflicts in Europe’s neighbourhood.
Like other recent systemic crises, the coronavirus pandemic has confronted us with an inconvenient truth: the risks associated with international openness might very well outweigh the gains. If today’s multilateral frameworks are to have a future, they must be brought back into the service of national sovereignty.
Even as it comes under intense pressure during the current crisis, the EU should not fail the most vulnerable displaced persons.
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