systemic risk

The European Democracy Shield (EUDS), a name that practically screams “importance”, if not effectiveness. One imagines a shining bulwark of European resolve, standing firm against the onslaught of foreign interference, disinformation, and creeping authoritarianism. In practice, though, we might be dealing with somethin…

This cheerful little analysis explores how Europe’s recent budget-slashing spree is playing out, cutting aid, climate finance, health, and all those other inconvenient things that don’t explode or vote. The immediate fallout (spoiler: it’s not great), the long-term consequences (even less great), and how all these “fis…