Energy

The Trump administration’s short-sighted geo-economic crackdown on the main international oil and gas producers—be it Saudi Arabia, Russia, or Iran—not only came at the expense of economic interests of allied countries in Europe, but also did long-term harm to the United States itself, helping its global rival China. Sooner rather than later—and a new administration offers this opportunity—U.S. policymakers will have to address businesses’ growing interests in (green) investment strategies and the rapidly intensifying geopolitical rivalry with China. Transatlantic cooperation in the development of sustainable energy sources and technologies will be instrumental. A “Transatlantic New Green Deal” would allow allies to generate much-needed new economic growth after the COVID-19-related economic contraction and improve the energy security of consumer countries, curb the effect of greenhouse gases and realign the balance of power in world energy markets.

For decades, the Munich Security Conference served as a powerful symbol of the strength of the Western alliance. The 2020 installment offered a testament to its accelerating decline.

Thirty years ago this week, on August 23, 1989, more than 2 million citizens of the Baltic republics of the U.S.S.R. engineered one of the most dramatic and successful mass protests in Soviet history.

The political scientist Karl Kaiser has warned against the blockade of a European defense policy by Germany.

I saw first-hand the value of our alliance with Europe on 9/11 when I was the new American Ambassador to the Alliance.  When we were hit hard in New York and Washington D.C., the allied Ambassadors came to me in Brussels that afternoon to pledge their support for us when we needed them most.  They pledged to invoke the alliance’s collective defense clause—Article 5 of the NATO Treaty—that an attack on one would be considered an attack on all.

The policies of the Trump Administration have produced an international alignment, which never existed before: China and Europe (EU) now find themselves on the same side in a global conflict where the American president attacks multilateralism, has withdrawn from major international trade agreements, has unilaterally imposed tariffs, and questioned the validity of the WTO.