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Real household consumption in Germany has been hammered. chart via Nicolas Goetzmann

France is doing a better job at protecting its monuments than the functioning of its democracy, Lionel Laurent writes trib.al/KDjnESA

Crazy times. My book SUPREMACY, on the consolidation of power in A.I., just won the FT and Schroders Business Book of 2024. 😳 Huge thanks to the organizers!

The curse of low expectations may not be such a bad thing for new French Prime Minister Francois Bayrou, writes Lionel Laurent trib.al/wEMAAvu

A world of less globalization and slower growth needs a different kind of boss, Lionel Laurent writes trib.al/S2vyemK

A Nokia-esque turn for the worse is a risk for Danish Ozempic maker Novo Nordisk, writes Lionel Laurent trib.al/ewivCql

Elon Musk's laser focus on Europe is exploiting the soft underbelly of a big-state, small-tech continent, Lionel Laurent says trib.al/7yhJJQs

I'm not saying Jean-Marie Le Pen didn't exist. I haven't seen him myself. I haven't particularly studied the question. But I believe it's just a detail in the history of 2025.

In the AI race, regulatory zeal doesn't equal relevance for Europe, writes Lionel Laurent trib.al/iNO37zp

The European Union will soon have to define and defend its interests against the tariff fan in the White House, writes Lionel Laurent trib.al/Pbh6fPe

With Emmanuel Macron announcing €109 bln of AI investments in France and a wave of corporate and strategic partnerships, the big catch-up opportunity for Europe in a race dominated by U.S. and China is to win the long game: Adopting and diffusing the technology in its economy

Against long odds, French telecoms billionaire is fighting the prospect of Europe being left behind in AI, writes Lionel Laurent trib.al/CVWeVw3

French billionaire Xavier Niel on how to make an AI champion: Attract talent, provide funding & compute power, and create a user base by spreading the tech through business and the economy. It’s all part of a Paris ecosystem aspiring to do more with less bloomberg.com/opinion/articl…

Europe has good reason to worry about the outcome of Trump-Putin talks, but it’s also stronger than it looks, writes Lionel Laurent trib.al/lGJY7JJ

The choice facing the EU is to ramp up military spending or let the union vanish into irrelevance, writes Lionel Laurent trib.al/reMIWJc

I wrote a new piece in foreign policy. The US's postwar role as guarantor of Europe’s security is over – and may even turn adversarial. But Europe has an overlooked trump card: when it comes to manufacturing Europe blows the US out of the water. 1/x foreignpolicy.com/2025/03/07/eur…

The EU and Japan both fret about a world without the US security umbrella, write Lionel Laurent and Gearoid Reidy リーディー・ガロウド. They could ease their fears by moving closer together. trib.al/EjR8yVJ

Japan and the EU have much in common - symbols of US-led post-war reconstruction, now forced to contemplate the prospect of life without Washington's security umbrella. Perhaps they can find solace in one another? My JV w/ Lionel Laurent, free to read: bloomberg.com/opinion/articl…

En cours de lecture, bientôt une chronique dans Les Echos. Un livre exceptionnel !!! sur un secteur dont on parle trop peu et qui joue un rôle central dans l'histoire du monde