41 Europe's three vertices: towards a new strategic (im)balance The place of Portuga l and the Common Agricultural Policy in a new European cycle 2028–2034 EDUARDO DINIZ Director-General, Office of Planning, Policy and General Administration (GPP) 1. Questions about a continent in search of balance The current international context is characterised by an instability that is not cyclical, but structural. The combination of war in Europe, geo-economic tensions between major powers, technological acceleration and disruptions in supply chains has created an environment of systemic uncertainty that directly affects the security, the economy and the strategic autonomy of States. In this scenario of global fragmentation, the European Union remains one of the few areas where democratic stability, social dignity and quality of life remain the backbone of identity. But this position is more fragile than it seems. There is a growing fear that Europe is The questionis whether the proposals in questionreflect a coherent strategic vision or whether they are primarily the result of a reactive technicalbudgetary proces,smarked by shortterm emergencies but relatively disconnected from any deep political reflection on what Europe wants to be in the world. The question is whether the proposals in question reflect a coherent strategic vision or whether they are primarily the result of a reactive technicalbudgetary process, marked by short-term emergencies but relatively disconnected from any deep political reflection on what Europe wants to be in the world. losing its economic and geopolitical influence in a world dominated by more aggressive and more centralised actors, faster in projecting power. The agri-food sector makes this tension particularly visible. The international contrast is eloquent. The United States, through its Farm Bill1 and the rhetoric It is precisely in this context that the proposals for the new 2028–2034 programming cycle for the European Union are emerging. Although they aim to respond to real challenges (digitalisation, reindustrialisation, energy, defence), taken together these proposals raise substantive doubts about the political direction of Europe. 1 Agricultural Law: https://www.fsa.usda.gov/tools/informational/farm-bill
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