Word of the Month: Ability to compromise
Political certainties are disappearing at an astonishing rate. As Brookings analyst Robert Kagan put it, “The democratic alliance that formed the foundation of the liberal world order under U.S. leadership is disintegrating.” JD Vance’s appearance at the Munich Security Conference—where he questioned the transatlantic alliance and shared values with Europe—made this clearer than ever. This upheaval is fueling massive uncertainty, both among the public and in the economy, which is already struggling in Austria due to a prolonged downturn and soaring costs. A trade war or a push for rearmament could have long-term consequences for prosperity and social cohesion.
In this climate, national and European leaders must push back against emotional, destructive forces with responsible and intelligent decision-making. They need to find fact-based solutions that address complex challenges while also earning broad support—something that requires a strong commitment to democratic compromise. The next attempt to form a stable government in Austria will be a major test. It would be a confidence-boosting signal if negotiators set aside entrenched habits and agreed on a credible plan for sustainable budget reform—one that requires sacrifices from all sides.
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