The Munich Security Conference (MSC) from February 13-15 will gather around 65 heads of state and 450 representatives to discuss pressing global issues, including Europe's security and the future of the transatlantic partnership. The 2026 MSC report highlights a shift in US politics that challenges established international norms, leading to a loss of trust in political systems and a rise in radical approaches. The report also addresses the implications of Russia's war on Ukraine and the need for Europe to enhance its independent defense capabilities. While the upheaval presents opportunities for change, uncertainty about global stability remains.