Cohesion Crisis
2026-2028
The EU loses internal cohesion: northern vs southern states on fiscal policy, eastern vs western on migration, large vs small on voting power.
New fiscal compact with solidarity mechanisms. Enlargement roadmap creates common purpose.
Multi-speed Europe hardens. Periphery countries left behind. Populist governments block reform.
- Post-PNRR fiscal cliff — end of NextGenerationEU transfers
- New financial framework negotiations — net payers vs receivers
- Enlargement debate: Ukraine, Moldova, Western Balkans
- Rising populism in France, Italy, Germany, Poland, Romania
- Migration pressure from Africa and Middle East