Briefs

Davos 2026: the end of the holiday The era of European holiday history is over. For three decades, the continent operated on a comfortable delusion: that economic integration was a substitute for hard power, and that the American security guarantee was a law of physics rather than a political choice.

Walk through the immaculately preserved streets of Paris, Brussels or Berlin. The quality of life is undeniable. The public transport functions. The healthcare protects. The cafes are full. It feels permanent. It feels like the end of history. But listen closely. Beneath the hum of the espresso machines and the