Despite being of comparable economic weight to the US and China, its most prominent global competitors, Europe has not been as influential as a power in global governance. Lacking the ‘hard power’ derived from military capabilities, it has laid claim to a ‘soft power’ of normative influence externally. Nor, despite some successes, has Europe been able to exercise the power to coerce – ‘sharp power’ – as systematically as its global rivals. Yet, it should be recalled not only are five European countries members of the G20, but also the EU is a member in its own right.
In light of the current COVID-19 crisis and against the backdrop of the severe global economic downturn authors and commentators of a Dahrendorf Forum scenario report will build on the analytic approach in these scenarios to debate questions like: As in 2008/9, a coordinated response to the economic crisis is required, how well placed is Europe to lead in the G20?, Is a more internationalised euro still a realistic ambition and can it, too, become a tool for a better coordinated response?, What is next for the WTO in the face of US intransigence?