Background: Just at the time when European ambitions for ‘strategic sovereignty’ have come into vogue, the war in Ukraine and the stand-off between the US and China make Europe’s dependency on America as strong as it has ever been over the past 50 years. In the four big areas of energy, defence, industry and money, Europe seems likely to become not, as it had hoped, an equal partner but a supplicant to the US. Europe’s circumstances are the result of travails over the past 30-40 years stemming from problems that were seen, but not overcome , at the time of the fall of the Berlin wall, German unification and the break-up of the Soviet Union. The focal points include the further ‘war of Soviet succession’ in Ukraine , the unsatisfactory equilibrium between Germany and France, the unanswered questions of European monetary union , the future role of NATO in Europe and the world, and the ever-brittle relationship between the UK and its European neighbours. David Marsh draws on research for his latest book (see enclosed) to reflect on Europe’s unresolved and perhaps irresoluble dissonances.
Speaker:
After a career in journalism, investment banking and management consultancy, David Marsh co-founded central banking research group OMFIF in 2010, where he is chairman.