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Europe, Power and Finance

Articles from Politique Etrangère
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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.

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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.

 

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Europe, Power and Finance

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The "Europe of Internal Security": An Unknown Quantity - Politique étrangère, Vol. 90, No. 2, Summer 2025

Date de publication
06 June 2025
Accroche

The new European Internal Security Strategy, unveiled by the European Commission in April 2025, provides an opportunity to shine a light on a little-known policy. To mitigate the problems created by freedom of movement, substantial additions have been made to European internal security policy over the last few years. The European Union is constantly striving to become stronger in order to combat crime, terrorism, illegal immigration, and hybrid threats more effectively.

Jean MAFART
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Navigating the Multilateral Seas: Lost in Decomposition? - Politique étrangère, Vol. 90, No. 2, Summer 2025

Date de publication
06 June 2025
Accroche

Institutionalized multilateralism seems to be under threat from power politics, especially within the UN system. There are continuing demands for the UN to be reformed. And flexible forms of consultation are being developed, such as club diplomacy and minilateralism. The reshaping of multilateralism is thus taking place mainly outside the institutional system, and its distance from the liberal international order and the multipolar order makes it less likely that the earth's habitability will be placed at the top of the multilateral agenda.

Frédéric RAMEL
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vignette couverture PE2-2025

Multilateralisms: Survival or Revival?

Date de publication
06 June 2025
Accroche

The organized multilateralism born out of the Second World War and the Cold War, and revived in the 1990s with the dream of a world of peaceful “global governance,” has fizzled out. The erosion of the large universal frameworks (United Nations, World Trade Organization, arms control and disarmament, international criminal justice, and so on) did not give way to a void but to an excess: a multitude of agreements and schemes that bore witness to the accelerated rebuilding of international relationships. Will institutional anarchy and the open competition of interests visible in uninhibited struggles for power be able to organize themselves around common fundamental interests in the future?

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Trump 2: Challenges for the US Military Posture - Politique étrangère, Vol. 90, No. 1, Spring 2025

Date de publication
04 March 2025
Accroche

The distribution of operational leverage points in US strategy has changed significantly over the past two decades, with a sharp reduction. Donald Trump's distancing and repeated criticism of traditional US alliances threaten to undermine the entire architecture of the US presence in the world, beyond the concrete, real and, in particular, industrial impasses of America's military posture.

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Europe, Power and Finance