“Recovery” and “autonomy” dominated the European agenda in 2021：to push for economic recovery amid the COVID-19 pandemic，and to strive for strategic autonomy along the growing competition of great powers. Currently，Europe is going through a very challenging period，for instance，European governance problems are intensified，European differentiated integration is further magnified，the international role of the EU is shrinking，and the geopolitical competition of great powers is strengthening，which undoubtedly exacerbate the strategic anxiety of Europe. Under the circumstances，European leaders have stepped up efforts to promote the EU’s economic and strategic transformation，thereby effectively tackling with challenges at home and abroad. The outbreak of the Russian-Ukrainian conflict exerted a serious impact on European security and economic order，further stimulating Europe’s geopolitical awakening and accelerating Europe’s transformation. Specifically，economic transformation mainly refers to digital and green transformation，thereby enhancing economic competitiveness with twin green and digital goals. Regarding strategic transformation，Europe would re-orientate its global actorness，with the presence of trade-off between strategic autonomy and dependent on alliance，concurrency among economic interests，geopolitical Europe and normative power，re-balance between Europe’s Indo-Pacific strategy and neighbourhood relationship. In sum，the two great transformations in Europe are driven by significant worsening of strategic environments in terms of global and Europe level，and consequently，they have significant impacts on Europe and its relationship with other parts of the world.