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Comparisons with the US stock market undersell the continent’s companies and their potential

Organisational, financial and ideological flaws stop the continent carrying its weight

The EU can stand up for itself and be true to its multilateralist ideals at the same time

As the EU fills its top jobs, the risk is that von der Leyen will end up as a leader without followers in national capitals

Also in this newsletter: the free market case for more green subsidies

Game of ‘cat and mouse’ returns to cold war levels, say intelligence officers

EU allies fear having to pay for postwar security despite being cut out of negotiations as officials head for Munich Security Conference

Verena Ross calls for more centralised powers in response to appetite for stronger capital markets and investment in bloc

Monetary policy in advanced countries is diverging in a manner that was thought highly unlikely just a few months ago

Strategy for transmission networks needs a rethink to avoid rising costs