Stable . . . And Stagnant?

Europe’s future includes a post-Merkel Germany, the fallout over the AUSUK technology deal, a shaky NATO alliance post-Afghanistan, Ukraine’s uncertain outlook, plus Russian control of natural gas supplies. Hoover senior fellows Niall Ferguson, H. R. McMaster and John Cochrane discuss the mood on the other side of the Atlantic, as well as President Biden’s UN address and China’s financial reckoning.