In executive suites, a buy-or-be-bought mood has driven a wave of takeovers that shows no sign of cresting. In Brussels, a scandal plus a war seem to be producing a more capable–and more ambitious–group of European Union institutions. In Frankfurt, the new central bank is learning (sometimes the hard way) how to manage a world-class brand of money.

What does it mean for you? Perhaps just simpler shopping, and a cheaper car to drive across the Oresund link, from Denmark to Sweden. But maybe you’ll also be able to fund that leveraged buyout you’ve been mulling. After all, this is Euroland–where possibilities abound.