Europe adrift

Europe adrift
Brexit is a symptom of the European Union’s internal disarray. In quick succession, the debt crisis, the Ukraine crisis and the migration crisis all challenged centralist visions of ever-deeper integration and soft-power expansion. The political mainstream’s abandonment of traditional values spurred a voter revolt toward populist movements. This turn inward comes as the rules-based order the EU embodies is coming apart globally.

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A December 2019 photo of new ECB President Christine Lagarde

Leadership Challenges 2020: European Central Bank torn between policy and politics

With the governing body of the European Central Bank bitterly divided over monetary policy at the times of political pressure and economic uncertainty, new President Christine Lagarde faces an extraordinary challenge of putting Europe’s most important financial and regulatory institution back on an even keel.

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