Print Edition - 2018-05-17 | Oped
An indecent disrespect
- Europe must stand firm to keep international order
May 17, 2018-
President Donald Trump’s rejection of the Iran nuclear deal has unleashed a rare fury in Europe. Following his withdrawal from the Paris climate accords, his tariffs on imported steel, the move of the U.S. Embassy to Jerusalem, the rewriting of international trade agreements and all the other signs of disdain for the priorities of America’s traditional allies, many Europeans are furiously proclaiming the trans-Atlantic relationship dead. However palpable the frustration, the question once again is whether Europeans are prepared to, or even able to, stand up to the bully across the sea. Europe’s trade with the United States is incomparably larger than its trade with Iran, and even if Britain, France and Germany--co-signers of the Iran accord, along with China, the European Union, Russia and the United States--try to maintain the Iran deal and support their companies against so-called secondary sanctions by Washington, many European banks and industries would be wary of defying America’s enormous economic clout, and especially the reach of its banking system. The anger in Europe, however, is not so much about the cost of renewed sanctions as about the total, humiliating disdain for the Europeans’ arguments, and, by extension, for the trans-Atlantic alliance and all it has stood for since World War II.
Published: 17-05-2018 07:33