
Venezuelan factions unite against US oil license for Chevron
The Biden administration’s decision to grant Chevron a license to resume limited oil production in Venezuela has been met with a rare wave of bipartis…
Independent journalism on global markets, technology, and the forces reshaping the world economy
Europe’s combination of wealth, openness, and strategic geography has long been a source of its global influence. But those same qualities also make it a persistent target for adversaries who see the continent’s strengths as vulnerabilities…

Europe’s combination of wealth, openness, and strategic geography has long been a source of its global influence. But those same qualities also make it a persistent target for adversaries who see the continent’s strengths as vulnerabilities to be exploited. The very features that define Europe’s appeal-its dense trade networks, porous internal borders, cultural soft power, and reliance on rule-based multilateralism-are precisely the ones that hostile state and non-state actors seek to weaponize.
The mechanics of this dynamic are visible across multiple domains. Economically, Europe’s deep integration into global supply chains and its dependence on imported energy create chokepoints that can be squeezed for political leverage. Russia’s repeated use of natural gas as a coercive tool, most acutely in the winter of 2022-2023, demonstrated how a resource-rich adversary can turn Europe’s own market logic against it. Militarily, the continent’s post-Cold War dividend of reduced defense spending left it reliant on the United States for hard security guarantees, a dependence that adversaries test through hybrid campaigns below the threshold of NATO’s Article 5. Cyberattacks on critical infrastructure, disinformation campaigns aimed at fragmenting public opinion, and the weaponization of migration flows from Belarus and North Africa all exploit Europe’s openness while bypassing its conventional defenses.
The stakeholders in this vulnerability are not limited to governments. European businesses face rising costs from sanctions compliance, supply chain disruptions, and the need to invest in resilience measures that competitors in less-targeted regions may avoid. Investors must weigh the risk of sudden policy shifts-such as energy rationing or capital controls-that can upend portfolio assumptions. For policymakers, the challenge is structural: how to preserve the openness that underpins Europe’s prosperity while hardening the continent against exploitation. The trade-offs are acute. Tighter border controls risk undermining the Schengen area’s economic benefits. Greater defense spending diverts resources from social programs and climate investment. Stronger data localization rules may hamper the digital single market.
The wider implications extend beyond Europe itself. A continent that cannot secure its own periphery or guarantee its energy supply becomes a weaker anchor for the transatlantic alliance and a less reliable partner for global trade governance. The European Union’s ability to set standards-whether on data privacy, carbon pricing, or financial regulation-depends on its perceived stability. Each successful attack on that stability erodes the credibility of the European model as a template for other regions.
The question Europe now faces is whether its beauty is a fatal flaw or a feature that can be defended without being destroyed. The answer will determine not only the continent’s future but the shape of the global order it helped build. For now, the evidence suggests that Europe’s attractiveness will continue to draw enemies as long as the gap between its soft power and its hard power remains wide.
Source & Credits
Originally reported by Financial Times.
Written for Il Progresso by Xiaoyu Zhao.