Europeans arrived with renewed confidence in Davos this year, after a long period flying below the radar screen at the forum.
Europe suffered like no other region from the global financial crisis that hit just over ten years ago. Two recessions and seven state bailouts turned the EU into a source of concern for the global system. The risk of Greece leaving the euro and the UK’s departure from the bloc prolonged Europe’s agony in recent years.
But this year, the message was loud and clear: “Europe is back”. At the center of this renewed sense of optimism is the positive economic momentum and a political situation that looks better compared to last year, despite the complicated Brexit negotiations and risky elections in Italy next March.
“The optimism about the situation in Europe is one of the issues that I picked from this edition,” former Swedish prime minister Carl Bildt told EURACTIV.