Wednesday, December 26, 2012

Slaughter on EU-US Relations

According to Anne-Marie Slaughter, former head of State Dept. policy planning, 2013 will the the year of a US-EU free trade agreement. Hilary Clinton, Slaughter believes, has finally recognized the strategic importance of Europe as an asset in US competition with Asia: "America is not pivoting from Europe to Asia; we are pivoting with Europe to Asia." If this analysis is correct, then Slaughter deduces that the cost of British exit from the EU will go way up, so this coming year should be a very interesting one for British Euroskeptics.

2 comments:

Mitch Guthman said...

For somebody who supposedly a professional policy analyst, Anne-Marie Slaughter speaks rather blithely about the prospects for both Europe and America to get their economic houses in order and, for example, defeat the agricultural lobbies which are unimaginable powerful in both places. She also speaks of a “merger” of economic interests but I have no idea what she means by that and she doesn’t explain. If she simply means that we’ll trade more with one another, that’s probably true but then I don’t see what that has to do with Asian trade or why American and the EU would form some kind of common front.

Also, you wouldn’t know from her article that Europe is undergoing probably the most major economic and political crisis since the end of the Second World War. The problems of the euro, of democracy and of globalization simply do not seem to exist in her world. The British dodged a bullet to the head by staying out of the euro. Absent fundamental reforms of the EU’s institutions, I suspect pigs will fly before England would regret leaving the EU.

Anonymous said...

This and the TPP negotiations are elite, under-the-radar issues, but they could have major consequences for the global political economy over the next generation.