Welcome back to Foreign Policy ’s Situation Report, where we come to you from an uncharacteristically quiet Sunday at the Bayerischer Hof hotel on the final day of the Munich Security Conference. The dignitaries and officials are long gone, the speeches are done, and the security barricades have been dismantled, but your SitRep co-authors are still chugging along to bring you a final special pop-up edition. Here’s what’s on tap for the day: a “what now?” moment for Europe , a “what’s next?”