Recent shocks of the Covid-19 pandemic and of Russia’s war against Ukraine have added a massive economic component to European geopolitics. Security policy and economics have become intertwined challenges and raise urgent questions for Europe: How to improve economic resilience, avoid dangerous dependencies, and safeguard competitiveness? Do we need to rethink our trade partnerships and EU’s relationships with China and the US? Should we ban foreign investments in domestic (digital) infrastructure? Should Europe act more strategically and integrate economic and security policy, and if so, how?