Jeremy Cliffe, columnist at 'Agenda Pública' and editorial director at the European Council on Foreign Relations, reports from the 2026 Munich Security Conference on a "good" transatlantic divorce: for the first time, the US and Europe state their differences frankly. Rubio frames his speech around cultural heritage; Macron, Merz, von der Leyen and Sánchez around defence and values. Cliffe highlights Europe’s push for eurobonds, coalitions of the willing and industrial preference to strengthen sovereignty and inject momentum into economic integration.