Europe Fears It Can’t Catch Up in Great Power Competition

European leaders have spent years warning that the continent risked falling behind the U.S., China and Russia in the global contest for economic, technological and military dominance, and officials now believe they have reached that point.

The mood darkened over the summer when Europe found itself on the sidelines as Washington and Beijing negotiated a reset of global trade rules, and turned bleak this month when the White House presented a Ukraine cease-fire plan without…