The Journal. The Journal.

How Cocaine Is Flooding Into Europe

Oct 2, 2026 · 19m

Summary

The Journal explores Europe’s exploding cocaine market, now the world’s second-largest, driven by sophisticated global supply chains. Reporter Suna Rasmussen details how cartels use fast "narco boats" to bypass secure ports, dropping drugs directly onto Spanish beaches. The episode highlights the severe resource gap between authorities and traffickers, noting that one boat’s cargo equals a decade of Spain’s anti-drug budget. It also covers the rising violence, including a deadly attack on police, and the "waterbed effect" where suppression in one area simply shifts the trade elsewhere.

Topics discussed

Intro: Live show in Dallas and episode teaser Global cocaine surge and Europe as new market Europe's cocaine crisis and Europol warnings Spain's seizure records and reporter's investigation Authorities outmatched: A business story Show introduction and episode overview Sponsors: Accenture and Indeed Interview with a senior drug trafficker in Marbella Shift from shipping containers to speed boats Narco boats: Specs, origins, and technology Coastal drop-offs and detection challenges Cost comparison: Ports vs. Narco boats Profit margins and cartel revenue diversification Money laundering in Marbella's luxury economy Violent confrontation: Police boat crushed by narco boat Victim's family: Criticism of government underinvestment Resource disparity: One boat vs. decade of funding Recent seizures and the 'waterbed effect' Conclusion: Profit-driven persistence of the trade Credits and production team acknowledgments
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