Good morning, Peter Vanham here in Geneva, filling in for Alan.
It’s hard not to start this newsletter with the news of Germany approving the delivery of Leopard 2 tanks to Ukraine. Much has already been said about the symbolism and battleground implications of this decision, and CEO Daily won’t be adding to that discussion.
But from an economic perspective, it is hard to understate Germany’s tank decision, either. The approval to send Leopards puts a final dagger in the heart of Germany’s decades-old policy of avoiding war in Europe through trade and cooperation, and is perhaps the surest sign yet that there is no (quick) turning back to a truly integrated European economy—at least not one that includes Russia.
