Turning EU Pain into Gain

Washington’s tariff broadside has landed, and Europe is bracing for the shrapnel. What matters now is not whether growth prints a minus sign—odds are it will—but whether Europe can turn the shock into an excuse for a long‑overdue pivot toward home‑grown demand. The skirmish over trade may ding headline GDP, yet it simultaneously hands fiscal hawks and the ECB every political cover they need to press the accelerator.