ABSTRACT: This article examines how regional and global priorities challenge America's evolving European strategy. The need to reassure Eastern and Central European allies in the face of Russian assertiveness calls for greater US strategic engagement in Europe. Conversely, defense-budgetary pressures, the Asia rebalance, and the willingness to avoid excessive escalation with Russia constitute ongoing limitations to a significant US military engagement in and around Europe. That is the essence of America's European dilemma--how to invest sufficient resources in Europe as toensure credible while keeping enough military and diplomatic bandwidth to pursue other global geopolitical objectives ********** Russian revisionism compels the United States to up its game in Europe. However, current discussions about US strategy and force posture on that continent cannot be isolated from broader geopolitical considerations. After all, Washington remains intent on rebalancing its strategic focus towards the Asia-Pacific, and the demand signal for US military engagement in the Middle East is unlikely to recede any time soon. In an increasingly constrained resource environment, the United States must grapple with the ever-relevant question of how to prioritize different regions, competitors, and challenges--a question that often boils down to striking an appropriate balance between Europe, East Asia and the Middle East. Coming up with a satisfactory way to address that question is more complex than it already sounds, not least as there is an important degree of geopolitical crossover amongst those three vital regions. During the Cold War, Washington understood the preservation of a balance of power in the Middle East was essential to ensuring the supply of oil for key allies in Europe and East Asia--and to the security and thriving of a US-led order in those vital regions. Today, the high dependence of China, Japan, and South Korea on Middle Eastern oil means US influence in the Middle East can constitute an important source of strategic leverage in the Asia-Pacific. In turn, Europe remains an important base of operations and source of diplomatic and operational support to America's initiatives in the Middle East. While US strategy in Europe will no doubt be largely driven by the evolving regional threat environment, it is nonetheless important to take heed of some of the ways in which global geopolitical considerations may affect or constrain America's strategic picture in Europe. This article examines how regional and global priorities may intersect in the context of Washington's evolving European strategy. On the one hand, the need to reassure Eastern and Central European allies in light of Russian revisionism constitutes a strong pressure for greater US strategic engagement in Europe. On the other hand, that pressure has been tempered by defense-budgetary constrains, the commitment to rebalance to Asia and a willingness to avoid excessive escalation with Russia. So far, these competing pressures have coalesced around a strategy of through readiness, through an improvement of United States and NATO rapid-reaction capabilities and an enhanced pattern of rotational deployments, training, and exercises in Central and Eastern Europe. This has allowed Washington to address the concerns of its frontline allies while avoiding devoting too many resources to the European theatre of operations. Russia's impending military modernization and its improving military-strategic position in north-eastern and south-eastern Europe beg the question of whether a readiness-only approach is likely to create lasting security in Europe. This is a question that appears to be gaining traction in US and NATO circles. Indeed, as the Alliance approaches its July 2016 Summit in Warsaw, the narrative shift from reassurance to deterrence signals a progressive hardening of US policy in Europe, and the intent to go beyond readiness and to emphasize the need for more presence. …