29 December 2025

Three Shocks that Shook the World in 2025

YANIS VAROUFAKIS

A new, harder, colder world order was erected on the grave of European ambition in 2025. The year’s enduring lesson is that in an age of existential contests, strategic dependency is the prelude to irrelevance.

ATHENS – This was the year that the remaining pillars of the late-20th-century order were shattered, exposing the hollow core of what passed for a global system. Three blows sufficed.

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