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Turkey’s interior minister has identified a key Islamic State suspect captured by the country’s forces in Syria as the alleged mastermind behind attacks in Russia and Germany. Turkey announced last week that it detained an “important” IS figure but di…
November 22, 2019Read More
(Bloomberg) — Sign up to our Brexit Bulletin, follow us @Brexit and subscribe to our podcast.Boris Johnson’s Conservatives are trying to woo voters with a pledge to slap a land tax surcharge on foreign buyers of U.K. homes — a measure the party sugge…
November 22, 2019Read More
China wants to work out an initial trade agreement with the United States and has been trying to avoid a trade war, President Xi Jinping said on Friday, but is also not afraid to retaliate when necessary. Economists warn that a prolonged trade dispute…
November 22, 2019Read More
“Plant a revolution, and you will harvest a nation,” reads another showing a hand flashing the victory sign over protesters heads. The Saadoun Tunnel has become an ad hoc museum for Iraq’s massive anti-government protest movement. Along its walls, yo…
November 22, 2019Read More
China wants to work out an initial trade pact with the United States and has been trying to avoid a trade war, President Xi Jinping said on Friday, but is not afraid to retaliate when necessary. “We want to work for a ‘phase one’ agreement on the basi…
November 22, 2019Read More
(Bloomberg Opinion) — French President Emmanuel Macron has rubbed allies the wrong way recently with unpopular stances on NATO (brain-dead), enlarging the European Union (like trying to butter an expanding piece of toast), and Brexit (every delay needs a reason).His defenders in Brussels say he’s on a mission to wake up the EU — or in French “réveiller les esprits” — but the backlash has been widespread, with Macron’s NATO view in particular described as “bewildering” by Germany and “dangerous” by Poland. For all the outrage, though, it’s surely a good thing that the EU is being pushed to consider real, existential questions about its future as a shrinking bloc in the midst of a geopolitical conflict between the U.S. and China. What’s unhelpful is the tone.Take a step back and consider the challenges facing the EU. The U.K.’s departure means waving goodbye to 14% of the bloc’s GDP, 40% of its military power, and 94 billion euros ($104 billion) of budgetary resources. It also means a hit to its aspiration of delivering ever closer union among Europeans — who elsewhere have expressed discontent with the status quo.Across the Atlantic, U.S. President Donald Trump is an avowedly anti-EU president who has cheered Brexit, wielded trade tariffs like a weapon and questioned whether he would send American troops to defend NATO members. The parallel rise of a more assertive China, deploying money, technology and military might, has also unsettled and divided the EU.The nightmare for France is that instead of responding to these political, economic and security challenges with European solutions, the EU drifts into what Macron has called “supermarket Europe”: A vast commercial expanse, growing further and further east, where members do brisk trade with each other but stay divided politically and let others do the hard work of defending their prosperity. That’s why Macron stamps his feet the longer Brexit drags on — the U.K. has consistently blocked the closer EU integration he views as necessary. It’s why he’s keen to identify Trump-sized risks to the Atlantic alliance in order to jolt his allies into action. It’s also why he’s suffering from enlargement fatigue: He fears adding more member states without a corresponding big boost to the EU’s budget will increase internal division and external dependence on NATO.It’s wrong to assume this is just a self-interested push by Paris to control the EU. Other states share some of these concerns: Germany has taken some steps in Macron’s direction, with Chancellor Angela Merkel endorsing his future vision of a European army and Defense Minister Annegret Kramp-Karrenbauer reiterating the call for closer security cooperation earlier this month. EU governments recently signed up to a defense pact (PESCO) for developing common technology and a 13 billion-euro European Defense Fund, which the U.S. dislikes. Germany has also supported Macron’s vision of a multi-speed Europe, where an avant-garde core goes ahead with closer ties while other countries hang back. It’s piecemeal stuff, but it matters.Clearly, though, Berlin is the intended audience when it comes to Macron’s outbursts. He wants to prod Germany into a more assertive post-Brexit phase. Germany and other “frugal” allies seem to want to pinch EU pennies while expanding the bloc; Germany’s reassuring words on defense also don’t always line up with its hesitation to wield power and direct strategy, according to Carnegie Europe’s Judy Dempsey. Macron’s tone is pushy, yes, and more than a little irresponsible. Maybe he senses a window of opportunity: Angela Merkel is a lame duck, France is on surer economic footing, and the Brits are leaving. This isn’t about controlling the EU or replacing NATO. Paris is far from ready to start extending its own nuclear umbrella across the continent, and ideas like a European Security Council point to a strengthening of the European pillar within NATO, according to Frederic Mauro, an associate research fellow at the IRIS Institute. Macron also wants the U.K. on board in defense even if it’s no longer in the EU.This is a cross-roads for the EU. It has done a good job in defending its interests as a soft-power bloc. But as Zaki Laidi, a Sciences Po professor of international relations, argues, it needs to get ready for an era of “sharp power,” in which traditional tools like trade or technology are weaponized by the likes of the U.S. and China. Deciding how and where to wield hard power is a vital question for the EU. If Macron’s views are left to wither on the vine with no alternative, it won’t just be his fault.To contact the author of this story: Lionel Laurent at [email protected] contact the editor responsible for this story: Melissa Pozsgay at [email protected] column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Lionel Laurent is a Bloomberg Opinion columnist covering Brussels. He previously worked at Reuters and Forbes.For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.
November 22, 2019Read More
(Bloomberg) — Terms of Trade is a daily newsletter that untangles a world embroiled in trade wars. Sign up here. Chinese President Xi Jinping said his nation wants to work toward a phase-one trade agreement with the U.S. that’s based in part on “equal…
November 22, 2019Read More
China wants to work out an initial trade agreement with the United States and has been trying to avoid a trade war, but it is not afraid to retaliate when necessary, President Xi Jinping said on Friday. “We want to work for a ‘phase one’ agreement on …
November 22, 2019Read More
It was the third visit the president has made to Dover Air Force Base to honor the dead and comfort their relatives.
November 22, 2019Read More
In a palpably tense exchange at an event in South Carolina, Joseph R. Biden Jr. sparred with an organizer protesting Obama-era deportation policies.
November 22, 2019Read More
(Bloomberg) — At a cultural gathering in the region of Qatif in Saudi Arabia’s oil-rich east, a poet recited some of his work before taking questions. The audience of 80 or so people was engaged and smiling, while a man quietly served coffee and tea i…
November 22, 2019Read More
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