With Trump’s proposed peace plan in Ukraine, Europe is once again finding itself sidelined by its former ally and benefactor, the United States. Having staked their crisis-ridden regimes on a Russian defeat in Ukraine, the Europeans are now waking up to the stark reality – Ukraine has lost the war, and Zelensky has his back against the wall.
Although the European leaders would be the first to deny it, the continent where capitalism was born has now been left to rot on the vine. As Jorge Martín and Hamid Alizadeh discuss in this episode of Against the Stream, the decline of the European economy in a period of rising imperialist competition is creating an explosive situation all across the continent.

Against the Stream is the Marxist current affairs podcast of the Revolutionary Communist International. It airs weekly on YouTube on Thursdays at 6pm GMT.

📖 RECOMMENDED READING 📖

China is making trade impossible

🔗 https://www.ft.com/content/f294be55-98c4-48f0-abce-9041ed236a44

Why Trump pushed for peace — again

🔗 https://www.theatlantic.com/national-security/2025/11/ukraine-peace-push-russia-trump-zelensky/685045/

Top U.S. negotiator warned Europeans that Russia is stockpiling missiles

🔗 https://www.nytimes.com/2025/11/26/world/europe/ukraine-peace-talks-russia-missiles.html

How can Europe pay for things that it cannot afford?

🔗 https://www.imf.org/en/-/media/files/publications/imf-notes/2025/english/insea2025004.pdf

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