What would it take for a European reset to succeed?

EUROPE is apparently waking up to its new place in the world.

Disdained, insulted and bullied by its former American protector, its leaders are asking where they go from here. Is their future one of accelerating decline – a new “age of humiliation”, as my colleague Adrian Wooldridge argues? Or might recent events spur a radical and long-overdue reset?

That prompts another question: What exactly would a successful reset require?