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As the US spirals, Europe’s moment beckons. Will it stand up?

As the US spirals, Europe’s moment beckons. Will it stand up?

Many of the continent’s leaders are discussing higher defence spending, deeper capital markets and looser internal competition rules as necessary to autonomy

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JOHN T PSAROPOULOS
Feb 02, 2025
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As the US spirals, Europe’s moment beckons. Will it stand up?
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Greek premier Kyriakos Mitsotakis recently in parliament

Appearing on Alpha television on Wednesday, prime minister Kyriakos Mitsotakis called US president Donald Trump “unpredictable” and said, “We’re entering a new global environment where the role of the United States as guarantor of the world order, world peace and international law will perhaps not be so important in an environment which may be more transactional.”

Mitsotakis pointed out that Greece and the US have shared interests and opinions: Greece spends more then 3 percent of GDP on defence; it’s an entry point for American gas in Europe; Greek ships carry a quarter of the world’s Liquefied Natural Gas, including American LNG; and he invited Chevron and ExxonMobil, which already have exploration licenses in Greece, to spread their favours to new areas.

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