After Donald Trump’s election victory, Hungarian Prime Minister Viktor Orbán is breaking out the Champagne. Germany’s government, meanwhile, is breaking up. In this week’s episode of EU Confidential, we look at how Trump Round 2 is already reshaping European power dynamics. POLITICO editor-at-large Nicholas Vinocur dials in from Budapest, where Orbán is hosting European leaders for a strategy session on transatlantic relations. Then, host Sarah Wheaton hosts two high-ranking German MEPs, Parliament Vice President Katarina Barley and Foreign Affairs Committee Chair David McAllister for a debate about how to respond to Trump — and about the future of German politics.  Finally, as MEPs hold confirmation hearings for the European Commission nominees, the Berlaymont Who’s Who series continues with mini-profiles of Glenn Micallef and  Ekaterina Zaharieva, care of tech reporter Pieter Haeck.  For more on Trump, and how he’ll transform America’s role in the world, check out the Power Play podcast from POLITICO: Trump returns: The whole world is watching. Learn more about your ad choices. Visit megaphone.fm/adchoices