This report examines how tokenization may reshape European financial sovereignty. Tokenization does more than digitize existing assets: it makes it possible to separate and recombine dimensions of monetary systems once considered inseparable. This creates new opportunities for financial integration but may also yield new forms of infrastructural and monetary dependence

Since the UK’s withdrawal from the EU, UK-German relations have undergone a remarkable transformation: from Berlin’s deliberate distancing from London during the Brexit negotiations, when Germany consistently prioritised EU-27 unity over bilateral arrangements, to a gradual rapprochement, culminating, for the time being, in the 2025 Kensington Treaty of Friendship.

The National Rally’s (Rassemblement national—RN) “de-demonization” strategy appears to be paying off: Marine Le Pen and Jordan Bardella’s party is steadily gaining ground in elections, and polls place it in the lead for the spring 2027 French presidential election. The period of normalization for this far-right movement has coincided with an era of upheaval on the international stage. Within this context, a fundamental question arises: what would the RN’s foreign policy look like if it came to power?

Since the start of the Ukraine War, Russian strategic guidelines on the application of air power—seen as the decisive instrument for achieving success in modern wars—have proven to be outdated, irrelevant and even self-defeating.

France has emerged as the EU’s IMEC forerunner, combining port infrastructure, diplomatic alliances and public-private cooperation. With Marseille Fos at its core, the country brings a strategic hub for logistics, energy and digital connectivity to the corridor.

The 2026 Munich Security Conference report observes that “the world has entered a period of wrecking-ball politics.” Indeed, the era of Western predominance, dependable alliances and capable multilateral institutions has given way to shifting balances of power and deepening uncertainty.

With the aim of structurally reducing the European economy’s dependence on fossil fuel imports and accelerating the energy transition, the European Commission has opted for electrification.

This paper examines the two-way relationship between France’s Indo-Pacific strategy and developments in Oceania. Oceania was not a priority in the initial years of France’s Indo-Pacific strategy, as the region was largely treated as secondary to major strategic hotspots and key partnerships, while overseas territories were primarily handled as domestic issues and recipients of a top-down strategy.