European Power

Balancing the books: Why the EU needs a European debt agency

European leaders have an opportunity to reform the EU’s fiscal rules at the European Council meeting in December, but they are currently divided by competing concerns over stability and growth. A European debt agency could achieve both of these, and provide the EU with the money it needs to address today’s geopolitical crises

Striking absence: Europe’s missile gap and how to close it

Europeans have been quick to enhance their missile defence capabilities. But to properly address the threat of Russia’s missiles and deter broader conflict, they need to complement defensive systems with offensive ones