The Alaska Summit signals a revival of major power coordination, with Europe determined not to forsake the peace dividends it has accrued over the decades. Moreover, no great power can establish a new world order by sidestepping institutions and rules. Ball in Europe’s courtThe Alaska Summit has the greatest implications for Europe. Meanwhile, Europe will insist on linking any Ukrainian territorial concessions with security assurances, security rules and international law. At the NATO summit in the Hague in June, European nations committed to raising defense spending to 5 percent of GDP.