Europe, Power and Finance
Finance has become an essential attribute of power. Its importance has grown given the substantial investments needed for the energy and digital transitions as well as the need to support economies affected by the COVID-19 pandemic.
As regards financial power, the European Union has many advantages, not least its single currency, but must also contend with genuine handicaps, which were laid bare during the Trump presidency.
Sylvie Goulard, former Minister of the Armed Forces and Deputy Governor of the Banque de France.
Article published in Politique étrangère, Vol. 86, No. 2, Summer 2021.
Available in:
Regions and themes
Share
Download the full analysis
This page contains only a summary of our work. If you would like to have access to all the information from our research on the subject, you can download the full version in PDF format.
Europe, Power and Finance
Author(s)
Find out more
Discover all our analyses
NATO and Nuclear Weapons
The changes in the way that NATO operates raise the question of whether the nuclear weapons stationed in Europe would, in a time of crisis, be an instrument of solidarity, or lead instead to divisiveness.
Reforming NATO’s Institutions: Pressing Need, Enduring Obstacles, New Opportunities
The lessons learned from its engagement in Afghanistan, a desire to transform itself, and its current financial problems are all factors pointing to the need to reform the Alliance. Formulating a new Strategic Concept will allow institutional reform to be associated with a new sense of purpose.
The Reform of NATO and the Free World’s Security Pact
Reforming the structure does not go to the heart of the problem. A new understanding has to be reached among the allies that takes into consideration the political, economic and technical changes of the last decade.
The New Diplomatic Weight of Gulf Countries
The political and economic weight of the Gulf monarchies has increased considerably. These countries have diversified their economies and become logistic hubs, attracting large numbers of investors. They have also managed to extend their power beyond their borders. However, the wider regional fallout of the war begun by Hamas on October 7, 2023 has cast doubt on the Gulf’s stability, especially as it seems that the American security umbrella can no longer be taken for granted