Ivan Krastev

Chairman, Centre for Liberal Strategies
and Member of the Board of Directors, GLOBSEC

About Speaker

Ivan Krastev is the chairman of the Centre for Liberal Strategies and Albert Hirschman Permanent Fellow at the Institute for Human Sciences, IWM Vienna. He is a founding board member of the European Council on Foreign Relations, a member of the Board of Trustees of The International Crisis Group, European Investment Bank Global Advisory Council and the Board of Directors of GLOBSEC. He is a Financial Times contributing editor and the author of "Is it Tomorrow, Yet? How the Pandemic Changes Europe" (Allen Lane/Penguin, 2020); The Light that Failed: A Reckoning (Allen Lane/Penguin, 2019), co-authored with Stephen Holmes - won the 30th Annual Lionel Gelber Prize; “After Europe” (UPenn Press, 2017); “Democracy Disrupted. The Global Politics on Protest” (UPenn Press, 2014) and “In Mistrust We Trust: Can Democracy Survive When We Don't Trust Our Leaders?” (TED Books, 2013).

Speaker

Global Systemic Transformation: Making Sense of a World That Has Already Changed

GLOBSEC 2026 begins from a single premise: the crisis is not coming — it has already happened. The rules-based international order is not under pressure; it has fractured, and what is emerging in its place is not yet legible. The war in Ukraine, the rupture of the transatlantic relationship, the weaponisation of energy and supply chains, and the collapse of multilateral consensus are not separate crises to be managed sequentially. They are symptoms of a single deeper transformation — a global system in the process of becoming something else, without a clear picture of what that something is. Three figures who have lived this transformation from starkly different vantage points open the Forum by attempting not to resolve that uncertainty, but to name it honestly — and to give delegates the frame through which every conversation that follows can be understood.
  • We describe the current moment as a crisis, but crises imply resolution — a return to stability on the other side. What if what we are living through is not a crisis but a permanent transition, with no guaranteed destination?
  • The fracture has not affected all countries equally — some are losing the order they built, some are constructing a new one, and some are calculating how to profit from the space between the two. Is Europe positioned to shape what comes next, or merely to respond to it?
  • If the leaders in this room had to identify one thing that must be preserved from the collapsing order and one thing that must be released, what would those things be?

Executive Summary

The panellists used this session to challenge the terms of conventional debate about Europe’s decline, arguing that the continent's apparent weaknesses — fragmentation, regulatory complexity, asymmetric threat perceptions across member states — are also sources of resilience that more centralised powers cannot replicate. The panel was unsparing about Europe's self-inflicted vulnerabilities: household savings flowing into American markets, capital markets that remain nationally fragmented despite decades of effort, procurement and regulatory cycles too slow to match Ukraine's battlefield innovation tempo, and a demographic trajectory that no government has found the political courage to address honestly. Ivan Krastev offered the session's sharpest reframe: the problem is not which answer Europe chooses but that it keeps asking the same questions, and genuine transformation requires changing the questions themselves. The session closed with a shared forecast: the strategic error Europe will most regret in ten years is not military unreadiness but the failure to secure control over its own data.

Livestream Link: 
https://youtube.com/live/tlzX8it_OV0?feature=share

Panel Session Global Systemic Transformation
Thursday, 21. 5. 2026
09:40–10:30 CEST
Havel Stage

Power Redrawn: Where Does Europe Stand?

The postwar order that shaped European ambition is giving way to something harder and less forgiving. The world has not become post-geopolitical; it has become multi-layered, volatile, and strategically competitive, with influence now flowing through networks, capital, and technological systems as much as through armies and territory. Europe finds itself caught between two logics of power, traditional and emerging. This is not a moment for incremental adjustment; it is a moment for honest reckoning about whether Europe understands the transformation underway.
  • Does Europe have clarity on what power actually means today, and what would it take to develop a coherent strategy that spans both its traditional strengths and the new domains where dominance is being decided?
  • What leverage does Europe still genuinely possess — economic, diplomatic, technological, and values-based — and how can it be translated into strategic relevance rather than just regulatory clout?
  • How can the EU overcome its internal fragmentation to achieve the scale, speed, and unity that the new global power competition demands?
  • What would a genuine model of pooled sovereignty look like in practice?
  • How can Europe build partnerships grounded in mutual capability rather than dependency, and what does strategic autonomy require beyond declarations?

Executive Summary

This opening panel of the Forum's second day brought voices on European politics and geopolitics together for a candid reckoning with Europe's power deficit. Michael Barnier argued that Europe's failure to address citizens' daily concerns at the right level, national, regional and European — is feeding the nationalist movements that use Brussels as a scapegoat for problems. Ivan Krastev offered the session's most arresting reframe: power is about expectations, not just capabilities, and Europe's material power has not declined as much as others' perception of it has. When it comes to tools, Mij Rahman, identified membership conditionality, single market access, trade architecture and the frozen Russian reserves in EuroClear as genuine instruments of leverage that Europe has either underused or failed to deploy coherently. Barnier's most resonant proposal was institutional: Europe needs a single empowered envoy to negotiate with Russia, modelled on the Brexit negotiation's daily transparency methodology.

Livestream Link:  https://youtube.com/live/BIwKUT0J11E?feature=share
Panel Session Global Systemic Transformation
Friday, 22. 5. 2026
09:20–10:10 CEST
Havel Stage