With the title of "Risks and Fatal Choices. Europe at the crossroads", the Advisory Board gets ready for the 20th edition of the Trento Festival of Economics, scheduled for May 22-25, 2025, organized for the fourth consecutive year by the 24 ORE Group and Trentino Marketing on behalf of the Autonomous Province of Trento and with the collaboration of the Municipality and University of Trento. A title that reflects the major changes that the outcome of the U.S. elections will produce on the international chessboard, starting with global geopolitical and macroeconomic balances. There are numerous risks and choices that we will face and that will impact Europe: crucial issues that the Trento Festival of Economics will address with contributions from the brightest minds in economics, academia and politics nationally and internationally next May in a special edition celebrating 20 years of the event.