Europe’s New Arms Race and Fiscal Reckoning

Europe’s political landscape is turning itself inside out, straining to reconcile long-standing fiscal discipline with looming demands for greater defense spending. Politicians once wedded to ironclad debt rules now whisper about bending or even breaking them, as they scramble to project strength on the global stage. This shift may appear sudden, but it’s the inevitable result of a continent caught between its own cherished economic dogmas and the hard reality of evolving geopolitical threats.