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What Now, Europe?

Nicolas Véron
European Union
Ukraine
Digital Euro
Brussels Effect
Kyiv, Ukraine
European Central Bank
Private Payments Industry
NATO
Defense Industry
Decentralization
European Defense Procurement
GDPR
AI Act
Turkey
European Identity

Europe faces a turbulent new era of economic, security, and governance challenges. Join Nicolas Véron, senior fellow at the Peterson Institute for International Economics, for a live podcast with experts and practitioners diving into Europe's economic future in a changing world. From the Peterson Institute for International Economics.

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Artwork for What Now, Europe?

Latest Episodes

The idea of Europe as a community emerged many centuries ago, but its meaning keeps changing—to Europeans and non-Europeans alike. Juliet Johnson has pioneered research on the changing role of European symbols such as the 12-starred flag, designed in... more

The European Central Bank (ECB) is working on a digital version of the euro, a project started back in 2020 that is coming closer to fruition as the enabling EU legislation progresses. The ECB has designed a digital equivalent of cash, aimed at compl... more

The European Union has not admitted a new member state since Croatia in 2013, while the United Kingdom left the block in 2020. Enlargement, however, is now back on the EU agenda. Western Balkan countries such as Montenegro are coming close to EU memb... more

European leaders are waking up to the imperative of ensuring the continent's defense in a changed geopolitical environment. But they face complex trade-offs in terms of how to manage the corresponding transition and build the institutions needed for ... more

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Recent Guests

Juliet Johnson
Researcher focusing on identity and belonging, central bank watcher
University affiliations discussed, including Stanford/Princeton references
Episode: What does it mean to be "European" today?
Chiro Cipollone
Executive Board member, European Central Bank
European Central Bank
Episode: Implementing the digital euro project
Gert-Jan Koopman
Director General, Enlargement and Eastern Neighborhood, European Commission
European Commission
Episode: The geopolitics of EU enlargement
Cornelia Voll
Professor and former head of the Hersey School; expert on European governance and defense
Hertie School / Max Planck Institute collaboration
Episode: Will Europe ever get its defense act together?
Jörg Kukies
Author of the report Finance Should Sing Innovative Ventures in Europe
German Federal Ministry of Finance (former state secretary)
Episode: Making the EU friendlier to high-growth businesses
Anu Bradford
Henry L. Moses Professor of Law and International Organization at Columbia Law School; Director for the European Legal Studies Center at Columbia Law School
Columbia University
Episode: The "Brussels effect" in a fragmenting world
Alexandra Azarkina
Independent advisor to the Ukrainian government; head of Defense Industry Initiatives at the Economic Security Council of Ukraine; co-founder of Rebuild Ukraine Foundation
We Build Ukraine Foundation; Economic Security Council of Ukraine
Episode: Ukraine's future in the European Union

Host

Nicolas Véron
Senior fellow at the Peterson Institute for International Economics who moderates live policy sessions around Europe's economic and governance issues.

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Talking Points

Recent interactions between the hosts and their guests.

What does it mean to be "European" today?
Q: What about Russia and whether it could be considered European, and how does that relate to the EU's identity and future?
The discussion suggests Russia views Europe in civilizational terms rooted in traditional values, not the EU's democracy-focused civic values, complicating inclusion discussions and highlighting that European identity can be seen differently from inside and outside the EU.
What does it mean to be "European" today?
Q: With Juliet, why don't you give us your answer to the question of what it means to be European?
Juliet explains that being European is both an abstract civic idea and a lived emotional identity, shaped by symbols like the EU flag and by historical experiences of inclusion or exclusion, especially in Central and Eastern Europe, where belonging has often been felt more through practice and emotional connection than through simple legal status.
Implementing the digital euro project
Q: What challenges have private payment schemes faced in Europe, and how does the ECB view them?
Private initiatives like EPI/Vero have struggled due to high costs and fragmented standards; the digital euro is intended to create a European-wide infrastructure that enables competition and better pricing while lowering barriers for merchants.
Implementing the digital euro project
Q: How does the digital euro address financial stability and holding limits?
The design includes three safeguards: no interest on holdings, a waterfall conversion from bank money to digital euro when paying, and a cap on how much digital euro an individual can hold, with banks contributing to the framework on holding limits.
Implementing the digital euro project
Q: What is the core purpose of the digital euro for retail users?
To provide a public, cash-like form of money that can be used for online and offline payments while preserving the freedom to choose payment methods, and to reduce fragmentation in Europe's retail payments market.

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Frequently Asked Questions About What Now, Europe?

What is What Now, Europe? about and what kind of topics does it cover?

The show centers on Europe's economic, security, and governance challenges, featuring live discussions with policy makers, economists, and researchers who unpack Europe's future in a rapidly changing global landscape. Episodes commonly probe topics like financial reform, regional integration, defense policy, regulatory regimes, and strategic technology initiatives, often tying these threads to practical implications for business, government, and society. A notable strength is the ability to bring high-level, technical insight into timely policy questions through direct access to senior officials and leading scholars, making it valuable for listeners who want to understand Europe's direction and its impact on markets, regulation, and interna... more

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2. The Rest Is History
3. The Daily

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What Now, Europe? launched 9 months ago and published 8 episodes to date. You can find more information about this podcast including rankings, audience demographics and engagement in our podcast database.

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What guests have appeared on What Now, Europe??

Recent guests on What Now, Europe? include:

1. Juliet Johnson
2. Chiro Cipollone
3. Gert-Jan Koopman
4. Cornelia Voll
5. Jörg Kukies
6. Anu Bradford
7. Alexandra Azarkina

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