Trump's return springs a critical choice on Europe

The US has so far provided some $60bn in weaponry and ammunition since February 2022 and the Europeans a similar amount (although more in financial aid). The Europeans can surely afford to do more. If they don’t have the budgetary space, they should think of other ways of raising the money, such as common EU debt or loans to national capitals from the European Stability Mechanism, the eurozone’s rescue fund. (See this Centre for European Reform analysis of the options.)