Ibiza

I was a guest at a top business gathering – mostly Spaniards but also featuring Portuguese, Germans, Brits and Scandinavians: ultra high-level executives in real estate, asset management, and investment banking. Our panel was titled “Global Geopolitical Shifts and Their Consequences.” Before the panel, participants were invited to vote on what worried them most when it comes to the future of their business. Number one was inflation and interest rates. Number two was geopolitics. That prefigured a very lively debate ahead. Little did I or the audience know that would turn into a wild ride. The first presentation came from the director of a “Center for European Politics” in Copenhagen.