GZERO Media logo

DECISION TIME FOR EUROPE

DECISION TIME FOR EUROPE

Faced with an onslaught from the US president, EU leaders made a conscious effort this week to find common cause with friends new and old in another part of the world—Asia. Yesterday, the EU and Japan finalized a long-awaited trade deal that will further knit together two economies that account for around a quarter of global GDP. That just a day after the leaders of the EU and China met to discuss trade and security relations.


As Trump openly questions the continued value of NATO, calls the EU a “foe,” and ingratiates himself with a Vladimir Putin – whose government has worked diligently to stoke divisions and support Euroskeptic parties throughout the continent – it’s no surprise that Europe has started to seek out new friends.

But will this strategy work?

So far Europe's pivot toward Asia has been done reluctantly and with a certain amount of trepidation. The EU is hesitant to form a common front with China to hit back against US tariffs, for example, and many European countries remain wary of Chinese investment that could leave them beholden to Beijing. The EU-Japan trade deal is a good symbolic vote against the protectionism favored by the US administration. But its economic benefits will take decades to materialize and leaders in Europe will struggle to spin it as a political victory back home.

Nor is there much in the offing from Asia on the most pressing security issues raised by President Trump. Russia will continue to support its preferred political parties across Europe. Putin may well be emboldened by the US president’s obsequious display in Helsinki. On NATO, the Europeans face no choice but to pay up or continue to face further US threats. And the Iran deal is on life support, despite extensive efforts from Russia and China to prop it up.

Why it matters: But Trump’s behavior over the past week may finally force European leaders to decide whether they can simply wait out his term in the hope of a better alternative or if it’s time to start reevaluating long-term assumptions about American power, credibility, and loyalty. That could well produce a more coherent and sustained European strategy to leave the US behind.

Empathy and listening are key to establishing harmonious relationships, as demonstrated by Callista Azogu, GM of Human Resources & Organization for Nigerian Agip Oil Company (NAOC), an Eni subsidiary in Abuja. "To build trust is very difficult. To destroy it is very easy," says Callista, whose busy days involve everything from personnel issues to union relationships. She sees great potential for her native Nigeria not only because of the country's natural resources, but because of its vibrant and creative people.

Learn more about Callista in this episode of Faces of Eni.

For the world's wealthiest nations, including the United States, the rollout of COVID-19 vaccine has been rocky, to say the least. And as a result, much of the developing world will have to wait even longer for their turn. Part of the challenge, World Bank President David Malpass says, is that "advanced economies have reserved a lot of the vaccine doses." Malpass sat down with Ian Bremmer recently to talk about what his organization is doing to try to keep millions around the world from slipping deeper into poverty during the pandemic. Their conversation was part of the latest episode of GZERO World.

Saturday will mark the beginning of an historic turning point for European politics as 1,001 voting members of Germany's Christian Democratic Union, the party of Chancellor Angela Merkel, hold an online conference to elect a new leader.

Here are the basic facts:

More Show less

For the first time in twenty years, extreme poverty around the world is growing. How does the developing world recover from a pandemic that has brought even the richest nations to their knees? David Malpass, the President of the World Bank, is tasked with answering that question. He joins Ian Bremmer on GZERO World to talk about how his organization is trying to keep the developing world from slipping further into poverty in the wake of a once-in-a-century pandemic.

Joe Biden wants to move into the White House, but the coast isn't clear. He may need some bleach.

Watch more PUPPET REGIME here.

The GZERO World Podcast with Ian Bremmer. Listen now.

GZEROMEDIA

Subscribe to GZERO Media's Newsletter: Signal