Europe is watching with puzzlement and growing despair at how the world is changing. The liberal global order as it was established after 1945 is becoming weaker. The guarantor for this order, the administration of the United States, is turning away from this role. China, while implicitly
suggesting that it might take over this role, is far away from it, at least far from any support for a liberal order. Russia (a middle power with nukes and based on carbon-based energy resources) is far away from both: order, and liberalism.
The EU, the biggest economic bloc and with two permanent seats in the Security Council, is considering its options. While alliances with either China or Russia are out of the question, the 70 year alliance between the EU and the US is under threat.
What, then, is a higher risk to the EU? To muddle through and hope for a better U.S. president (possibly an erroneous tactic), or to finally take over more of its own responsibility—especially in security and trade?