John Authers, Columnist

There's No Template for the Shock Europe Just Got

Upending trans-Atlantic security means an initial boom for defense stocks, but the long term is much less clear.

February 18, 2025 at 5:19 AM UTC

John Authers is a senior editor for markets and Bloomberg Opinion columnist. A former chief markets commentator at the Financial Times, he is author of “The Fearful Rise of Markets.”

European leaders grapple with a different world order. — European leaders grapple with a different world order.
Photographer: Nathan Laine/Bloomberg

Provide news feedback or report an error

Site feedback:

Take our Survey

This article is for subscribers only.

To get John Authers' newsletter delivered directly to your inbox, sign up here.

You know a big geopolitical event when you see it, and last week’s speech by US Vice President JD Vance to the Munich security conference was one of them. You can read it all here, and view it here. This was the most important line: