Thursday, April 2, 2026

Euronews - Europe's destiny by Jorge Liboreiro - 2 April 2026

 

Euronews 

Europe’s destiny

By Jorge Liboreiro


Dear readers, allow me to address you directly with a special announcement that might disappoint some of you: after six years in circulation, this newsletter, The Briefing, is coming to an end as part of a broader overhaul of our editorial offer. I personally thank you for dedicating your time once a week to reading my commentary and the stories of my excellent colleagues.


As I close this chapter, it’s inevitable for me to look back at the long history of this newsletter, which has borne witness to the troubled, confused and at times melodramatic recent history of the European Union.


Tellingly, The Briefing was born out of a crisis: the COVID-19 pandemic. Our team decided to launch the newsletter, then daily, during a hastily arranged Zoom call, with all of us locked down at home. Reading back the first issue, sent almost six years ago, I’m struck by its opening lines.


“Europe is at war. It is a war with an invisible enemy, a war our leaders tell us we must all play our part in and yet, despite the fact that we share the same foe in this life and death battle – COVID-19 – it feels like this war is starting to tear the EU apart,” the edition read.


The paragraph reads like a chilling prophecy. Less than two years after that first newsletter, an actual war of unspeakable brutality would break out on European soil, altering the trajectory of our bruised continent in ways that we’re yet to realise.


Ukraine’s brave fight against Russia’s attempt to redraw the European map by force has arguably been the most prominent story in this newsletter. Even when the war as such wasn’t mentioned, its ripple effects were present, one way or the other. It’s the end of the so-called “peace dividend”, the “wake-up call”, the “great reckoning” with the spectacular collapse of the premise that economic interlinks would make armed conflicts unthinkable in the 21st century.


The cruellest irony is that the very economic interlinks that were supposed to rein in our most violent instincts are today being brutally wielded as modern-day weapons. Trade flows, customs duties, supply chains, natural resources, currency reserves and even human beings are being leveraged on an unprecedented scale, wreaking havoc on the rules and principles meant to stabilise international relations. If there’s one norm left, that’s constant instability.


Of all the major powers in the world trying to weather the ruthless storm, the European Union is perhaps the worst equipped.


The bloc’s byzantine decision-making is designed to nurture and maintain consensus among disparate member states. The internal processes were never easy or fast, but they worked and delivered results. The EU prospered steadily from the fall of the Berlin Wall until the 2008 financial meltdown. Its economy was head-to-head with the United States. The value of the euro soared.


But then the tremors started and haven’t stopped since. Just as this newsletter bids farewell, the EU is coping with a widening war in the Middle East, a new energy crisis and a US president intent on pushing the transatlantic alliance to the brink. And that’s just a quick selection of our top stories.


The dizzying succession of events, most of which were unimaginable until the day they happened, has challenged not only our single market, our dependencies, our defence capabilities, our democratic resilience and our fixation on unanimity. At its core, it has challenged our unity – the audacious project of political and economic integration that emerged from the ashes of World War II. 


Looking at the dire state of things, some would argue that the EU is doomed to crumble, that it’s just a matter of time, that the internal and external forces trying to tear it apart are too mighty to be resisted. But others would say the opposite: that the geopolitical tempest makes the perfect case for a stronger and closer union, that mid-size countries have no credible chance of surviving on their own. Some, like Mario Draghi, are openly talking about federalism again.


The debate is still ongoing, but one conclusion has already emerged: the status quo is untenable. The EU must change because the world has changed. This brings me to a recent speech delivered by Ursula von der Leyen, who has been a recurrent (maybe the lead?) character in the history of this newsletter.


Speaking to ambassadors in Brussels, the president of the European Commission declared that the continent could no longer be “the custodian for the old-world order”. The blunt remark immediately raised eyebrows. Critics said her words were a dangerous invitation to turning a blind eye to rampant violations of international law. Amid the backlash, she later stressed the “unwavering commitment” to the rules-based order, though she didn’t backtrack.


If you manage to go beyond the “custodian” line, what you find is an incisive and frank summary of the anxieties that today permeate Europe, particularly our feeling of being powerless spectators in the theatre of geopolitics. But her detailed dissection isn’t meant to browbeat or dismay. Quite the contrary: it’s meant to encourage Europe to forego its fatalist resignation, raise its head proudly and “seize the opportunities” that every crisis brings.


“In times of radical change like ours, we can either cling to what used to make us strong and defend habits and certainties that history has already moved beyond, or we can choose a different destiny for Europe,” she said.


“Not with nostalgia, or by mourning the old world, but by shaping the new one.”


Editor’s final message: On that inspiring note, The Briefing says goodbye. Thank you again for reading this newsletter during its six years in circulation. 



Why this ad?

WHAT ELSE IS GOING ON?

🟦  A RAGING WAR

In an address to the nation, US President Donald Trump vowed to strike Iran “extremely hard” and bring it back to “the Stone Ages”. In response, Tehran threatened “crushing, broader and more destructive” attacks. The prospect of fresh escalation sent oil prices up and stocks down. As Washington keeps bashing NATO allies, the UK hosted a coalition of the willing to secure passage through the Strait of Hormuz, but only when the war ends. We explain why the waterway is so critical.


🟦‘VERY SERIOUS SITUATION’

The energy crisis unleashed by the war in the Middle East is becoming a “very serious situation,” Dan Jørgensen, the European Commissioner for Energy, warned this week as he called on member states to reduce energy demand as a way to control spiralling prices. The impact on jet fuel has been particularly heavy, sending shockwaves across the travel industry, writes Quirino Mealha. The disruption is shedding new light on Algeria as Europe’s emergency gas provider.


🟦THE V WORD

Ahead of the Hungarian elections of 12 April, Péter Magyar’s Tisza Party continues to widen its lead over Viktor Orbán’s Fidesz. Meanwhile, Brussels is laying the groundwork to make the first payment to Ukraine under the €90 billion loan as soon as Hungary lifts its veto, which EU officials only expect to resolve after the election. And High Representative Kaja Kallas has floated the possibility of reverting to the “Plan A” of tapping into Russia’s immobilised assets.


🟦BUYER’S REMORSE

At the centre of Orbán’s veto is the Soviet-era Druzhba pipeline, which has remained non-operational since a Russian drone attack in January. Hungary insists it needs low-cost Russian oil to keep its economy afloat. But as Tamsin Paternoster found out, this dependency is the result of political and financial decisions, rather than technical or commercial constraints.


🟦MONEY MATTERS

Germany and Italy are pushing for sweeping new powers to block foreign stablecoin operators from the EU unless their home countries meet the bloc’s regulatory standards, according to a document seen by Eleonora Vasques. The proposed move could shut out some of the largest crypto firms from one of the world’s biggest financial markets.


🟦HOME THREATS

Rupturing pipes, distorted doors and windows and huge cracks in your home. These are the threats that face more than 12 million properties in France, as heat-trapping gases continue to bake the planet and fuel extreme weather events. Liam Gilliver examines the phenomenon known as “shrinking-swelling”.


🟦BETTING ON 007

We’ve had our April Fools fun with our “exclusive announcement” of the new James Bond... However, the article got tongues wagging in the Euronews office and beyond. If a woman were cast as 007, what could her “Bond boys” co-stars look like? Here's some fantasy casting.



Why this ad?

IT'S IN THE NUMBERS

Germany’s top economic research institutes have sharply revised the forecast for the country, which is being hit hard by the turmoil in energy markets. Where economists were still projecting growth of 1.3% to 1.4% last autumn, they now expect GDP to expand by just 0.6% this year and 0.9% in 2027. At the same time, average annual inflation is forecast to reach 2.8% in 2026 and 2.9% in 2027.


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