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  •  I think it's different than it was in 1944. (4+ / 0-)
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    Linnaeus, Creosote, YucatanMan, Dauphin

    In 1944, much of Europe was over a barrel. Der Blitzkrieg had laid waste to the European infrastructure and economy. (Hence the Marshall plan.) And Europe in 1944 was deeply divided. Old alliances, connections, rivalries, and animosities were still fresh in their minds - especially from the first World War.

    In 2008, much of Europe belongs to the European Union. European rivalries and animosities are not nearly as pronounced as they once were. Twenty-six countries use the Euro and ten more peg their currency to the Euro. Many countries that use the Euro aren't part of the EU, but since they use the same currency their loyalty (and self-interest) is more closely tied to them, not us. The Euro is now more powerful (and worth more) than the U.S dollar. The pound is worth more than the dollar, too. And hell's bells, Ireland (Ireland!) will guarantee all bank deposits in any bank that operates on Irish soil, providing that they work with the Irish government.

    So if you're right, and the desire to gain supremacy hasn't changed (and you may well be right) we're not competing with a bunch of separate nations - we're dealing with the EU.

    We're the ones over a barrel, and Europe knows it. But since the Dubya presidency has done such a good job of making friends and influencing people *cough*, I'm sure they won't take advantage of our position to spank us. *cough*

    •  They might a little (2+ / 0-)
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      Dauphin, Spekkio

      I'm not sure how far they'd go.

      I think the EU would be more than happy to gain influence at the expense of the United States, but at the same time, I think most EU members understand that they share certain values with the United States.

      So the struggle will still be there, but it may be more of relationship between rivals who manage to stay on reasonably friendly terms rather than enemies.  At least I hope so.

      Procrastination: Hard work often pays off after time, but laziness always pays off now.

      by Linnaeus on Sun Oct 19, 2008 at 05:00:02 PM PDT

      [ Parent ]

      •  You're right (0+ / 0-)

        and on a more practical level, Europe has nowhere near the military power or the unity needed to take over the place of the USA.

        And we're quite aware of that, so yeah, the EU will probably demand more regulation and oversight (something you'd have to do anyway to regain the confidence of the investors), but other than that we're pretty much going to leave you alone.

        A spanking? Nah, more of a slap on the fingers...

        MILITANT AGNOSTIC : I don't know, and neither do you!

        by subrosa on Mon Oct 20, 2008 at 12:57:26 AM PDT

        [ Parent ]

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