This past week has been disastrous for US-EU relations, culminating with US President Donald Trump labelling the European Union a "foe" of the US. I think it's hard to spin events positively despite Trump's alleged successes in Brussels earlier. Some comments on what this means for the EU follow below.
Donald Trump's promotional tactics on NATO spending
Now, last week I asked whether the Germans and the French had acquiesced to Trump's bullying over NATO military expenditures. And the apparent answer was, yes, they had made some sort of commitment to increase military spending. That's what I believed in part due to statements Donald Trump made at the tail end of his NATO visit.
But subsequently it became apparent that the increases may well have been the ones already planned as a result o...
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Edward Harrison is the founder of Credit Writedowns and a former career diplomat, investment banker and technology executive with over twenty five years of business experience. He has also been a regular economic and financial commentator in print and on television for the past decade. He speaks six languages and reads another five, skills he uses to provide a more global perspective. Edward holds an MBA in Finance from Columbia University and a BA in Economics from Dartmouth College.