Four months into the corona crisis and one month into the nerve-racking spectacle of social and economic shutdown, it becomes clear that the big geopolitical loser of the pandemic is likely going to be Europe.The reason for this is not primarily the poor performance of EU countries in using integrated EU tools to fight the virus and its economic impact - although that plays an important role as well.

The main reason is that Europe could end up being too broke to still be resilient, let alone be a shaper of foreign policy outcomes on its own continent, let alone the world.

Even before coronavirus became a temporary global superpower, Europe was a depleted force. It was a tremendously rich part of the planet, a huge integrated market with comparatively stable domestic politics, a notable industrial base, fairly decent domestic governance and, by international standards, high levels of social trust and peace.

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