Speaking at the Shangri-La Dialogue, the US defence secretary has accused China of using intimidation and said the US ‘will not look the other way’

Nationalism is not Europe’s principle of construction; on the contrary, it has been, and remains, Europe’s principle of deconstruction. That is the main lesson to be drawn from the dramatic gains made by anti-European populist parties in last weekend’s European Parliament election.

In the aftermath of the 2008 global financial crisis, policymakers’ success in preventing the Great Recession from turning into Great Depression II held in check demands for protectionist measures. But now the backlash against globalization has arrived, and we know from bitter experience what could come next.