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European Economic Governance: Past Errors and Future Promises

Articles from Politique Etrangère
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The eurozone crisis marked a real failure of European Union (EU) policy, which led to mediocre economic performance and the erosion of its political legitimacy among the populations of member states.

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The crisis caused by the Covid-19 pandemic, on the other hand, after some initial wavering, showed its capacity to respond, in particular by taking on common debt. This fresh start for the EU nonetheless needs to be confirmed both politically and institutionally.

Vivien Schmidt is a Jean Monnet Professor of European Integration at Boston University.

 

Article published in Politique étrangère, Vol. 86, No. 4, Winter 2021.

 

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European Economic Governance: Past Errors and Future Promises

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Trump II: The Clash of Ideologies

Date de publication
09 September 2025
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The second Trump administration brings together a number of very different, even opposing, ideologies: far-right populism, the reactionary Christian right, paleolibertarianism, and technolibertarianism. The most visible measures taken since Donald Trump's return to the White House have been populist in nature, with the president's authority strengthened, checks and balances weakened, a form of identity politics embraced, and economic nationalism implemented.

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Europe Uncovered?

Date de publication
09 September 2025
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As Russia continues to threaten Europe, the Trump administration is making no secret of its desire to withdraw—at least partially—from the defense of the Old
Continent in order to focus on strategic competition with China. It is thus putting pressure on its European allies to increase their investment in the military sector. The NATO Summit in The Hague in June 2025 resulted in ambitious commitments by member states to increase their defense spending.

Élie TENENBAUM Guillaume GARNIER
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Trump II and Asia: The Wind is Picking Up…

Date de publication
09 September 2025
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The Indo-Pacific is a priority for the second Trump administration, which sees China as the United States' principal rival. However, Donald Trump began his second term in a rather disconcerting fashion by taking a harder line with Washington's traditional partners. He then provoked hostilities with Beijing, sparking a trade war even more intense than during his first term. The Chinese authorities have no intention of taking it lying down.

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Trump II and the World / Politique étrangère, Vol. 90, No. 3, 2025

Date de publication
09 September 2025
Accroche

Does Trumpism exist? And if so, how can its ideology be characterized, given the myriad currents underpinning it—from populism and the Christian Right to paleolibertarianism and technolibertarianism? Does it embody a genuine worldview that informs its diplomatic actions?  An obsessive drive to overturn long-standing practices, alliances, and commitments deemed “detrimental” to American interests, coupled with a fixation on transactional, one-off deals, appears to serve as its de facto strategy—hence the widespread weakening of allied ties. Observers are equally at a loss to discern an economic strategy, and above all reluctant to anticipate the possible outcomes of its contradictory maneuvers.

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European Economic Governance: Past Errors and Future Promises