Europe secretly braces for Biden’s election loss

TL;DR Breakdown

  • European Union officials are hastening policy initiatives with the U.S., apprehensive about a possible leadership change after the next Presidential election.
  • The Biden administration has seen improved U.S.-EU relations, with unified stances on issues like the Covid-19 pandemic, climate change, and the conflict in Ukraine.

As America gears up for the next Presidential election, which is still more than a year away, anticipation and apprehension are brewing in the political corridors of Europe.

Speculation about a possible shift in U.S. leadership has triggered a sense of urgency among European Union officials. The key objective? To expedite as many shared policy initiatives as possible during President Joe Biden’s remaining tenure.

Brussels, the heart of Europe, is quietly preparing for what might come after the upcoming U.S. Presidential election.

The possibility of a leadership transition at the White House is propelling EU officials to get as much done as they can under the current administration, an EU official told CNBC, requesting anonymity given the sensitive nature of the situation.

Biden’s influence on Europe-U.S. relations

The election of President Biden in late 2020 was hailed in Europe after a tense four years of transatlantic relations under the Trump administration.

The Biden administration’s policy objectives and approach resonated more with Brussels, leading to improved cooperation on various fronts such as the Covid-19 pandemic, climate change, and more recently, Russia’s invasion of Ukraine.

European Commission President, Ursula von der Leyen, praised the unprecedented unity between Europe and the United States against Russia’s unjustified aggression towards Ukraine. “Putin thought he would divide us, and yet we are more united than ever,” she asserted in March alongside President Biden.

Apprehensions for a potential leadership shift

However, the strong alliance and common work practices that have formed could come to a halt if a new leader occupies the White House.

Kevin Klowden, Chief Global Strategist at Milken Institute, expressed apprehension about a difficult relationship if a Republican candidate were to take over the presidency. He noted that the Europeans are concerned that the U.S. may withdraw its military and financial support for Ukraine under a different administration.

This sentiment is also reflected in former President Trump’s recent statements where he remained non-committal about backing Ukraine if he were to regain the presidency.

Likewise, Florida Governor Ron DeSantis, who is anticipated to announce his presidential campaign later this month, voiced his belief that the U.S. shouldn’t get further embroiled in the Ukraine conflict.

The shift towards strategic autonomy

Despite the apprehensions, there is a growing realization in the region about the need for strategic autonomy, an approach aimed at reducing dependency on both China and the U.S.

A European diplomat, requesting anonymity, stated, “The EU is developing its own path towards strategic autonomy, which doesn’t mean we are turning our back on our allies.”

This objective of self-reliance will continue regardless of who is in the White House, the diplomat confirmed, underscoring that the transatlantic partnership is essential for Europe.

The diplomat also hinted that future relations might have a different appearance as Europe continues to make strides toward strategic autonomy. While Europe remains hopeful of Biden’s re-election, officials are pragmatically preparing for a potential change in U.S. leadership.

There is a shared understanding that irrespective of the strong bond between Europe and the current U.S. administration, every American president will prioritize U.S. interests, which may not always align with the former’s aspirations.

As such, Europe’s focus on strategic autonomy has never been more relevant or pressing.

Disclaimer: The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decision.

文章来源于互联网:Europe secretly braces for Biden’s election loss

Disclaimers:

1. You are solely responsible for your investment decisions and this info is not liable for any losses you may incur.

2. The copyright of this article belongs to the writer, it represents the writer's opinions only, not represents the site's ones. Not financial advice.

Previous 2023年5月23日 18:20
Next 2023年5月23日 19:51

Related articles

  • Swyftx launches ‘earn and learn program to educate Australians about crypto scams

    TL;DR Breakdown Swyftx introduces the ‘Earn and Learn’ platform in response to increasing crypto scams, offering courses to educate and protect users. Participants can earn rewards for completing courses, with up to $64.30 available over 12 months, aiming to equip 80,000 Australians with vital crypto knowledge. Description Australian crypto exchange Swyftx is set to unveil its new “Earn and Learn” crypto education platform on September 6. The platform is designed to educate users about various crypto scams and reward them for completing courses. Swyftx aims to equip the public with essential knowledge about cryptocurrencies and scams as the industry awaits full regulation. … Read more Australian crypto exchange Swyftx is set to unveil its new “Earn and Learn” crypto education platform on September 6. The platform is designed to educate users about various crypto scams and reward them for completing courses. Swyftx aims to equip the public with essential knowledge about cryptocurrencies and scams as the industry awaits full regulation. Contents hide 1 Cryptocurrency education on the rise 2 Identifying and preventing scams 3 Incentives for crypto education 4 Global…

    Article 2023年9月6日
  • Tornado Cash founders face money laundering charges

    TL;DR Breakdown Tornado Cash founders, Semenov and Storm, face legal issues with U.S. authorities. Charges include money laundering and operating an unlicensed money business. Third co-founder, Pertsev, arrested in the Netherlands. Description The crypto landscape just faced a whirlwind of events as founders of the Tornado Cash crypto mixer find themselves neck-deep in legal troubles. With the backdrop of an ever-evolving cryptocurrency ecosystem, such events paint a vivid picture of the challenges and growing pains in the industry. The Charges Laid Bare Roman Semenov, a name now … Read more The crypto landscape just faced a whirlwind of events as founders of the Tornado Cash crypto mixer find themselves neck-deep in legal troubles. With the backdrop of an ever-evolving cryptocurrency ecosystem, such events paint a vivid picture of the challenges and growing pains in the industry. The Charges Laid Bare Roman Semenov, a name now infamous in the crypto community, landed himself on the U.S. Treasury’s Office of Foreign Assets Control (OFAC) notorious list, the Specially Designated Nationals and Blocked Persons (SDN). But he isn’t the only one. His partner…

    Article 2023年8月24日
  • Netflix begins streaming video games – Here’s why you should care

    TL;DR Breakdown Netflix has rolled out video gaming to a select few in Canada and the United Kingdom, a watershed moment for Netflix’s gaming ambitions. Consoles like Microsoft’s Xbox Series X or Sony’s PlayStation 5 are not among the currently supported devices. The two games currently accessible are the original Oxenfree (created by Night School Studio, which Netflix now owns) and Molehew’s Mining Adventure. Description Netflix has begun the first public testing of its cloud-streamed games. Beginning Monday, some Netflix users in Canada and the United Kingdom will be able to enjoy Netflix games on select TVs, connected TV devices, and online via Netflix.com. Netflix’s VP of gaming, Mike Verdu, described this as a “limited beta test” for a small … Read more Netflix has begun the first public testing of its cloud-streamed games. Beginning Monday, some Netflix users in Canada and the United Kingdom will be able to enjoy Netflix games on select TVs, connected TV devices, and online via Netflix.com. Netflix’s VP of gaming, Mike Verdu, described this as a “limited beta test” for a small subset of…

    Article 2023年8月16日
  • Ripple Labs chair criticizes Joe Biden’s crypto policy

    TL;DR Breakdown Ripple Labs Chairman Chris Larsen has blamed Biden’s crypto policy on the dent in the crypto industry. Impact of the policy on the general crypto market. Description The United States’ legal system is poised to play a pivotal role in revitalizing the cryptocurrency industry, which some believe has been hampered by the Biden administration’s crypto policy. Chris Larsen, chair and co-founder of Ripple Labs, expressed his views during an interview with Bloomberg on September 7. He argued that recent developments in the … Read more The United States’ legal system is poised to play a pivotal role in revitalizing the cryptocurrency industry, which some believe has been hampered by the Biden administration’s crypto policy. Chris Larsen, chair and co-founder of Ripple Labs, expressed his views during an interview with Bloomberg on September 7. He argued that recent developments in the legal sphere indicate a path towards clarity for the crypto industry. Larsen emphasized that Ripple’s partial victory over the U.S. Securities and Exchange Commission (SEC) in July marked a significant turning point. Ripple Labs chair confident of a…

    Article 2023年9月8日
  • Binance Australia temporarily suspends AUD withdrawals and deposits

    TL;DR Breakdown Binance Australia has temporarily suspended AUD withdrawal and deposit services through bank transfers. Users can convert their AUD balances to the stablecoin Tether (USDT) to ensure uninterrupted access to trading and withdrawals. Binance users in Australia can still use credit or debit cards to purchase and sell cryptocurrencies on the platform. Binance Australia recently announced that they would temporarily suspend the withdrawal and deposit of the Australian Dollar (AUD) through bank transfers. The decision comes in the wake of an earlier announcement by Binance Australia on May 18, stating that they would no longer support AUD bank transfers through PayID. This change was attributed to a decision made by a third-party payment service provider. However, it was mentioned in a subsequent update on May 22 that the services would still be available until June 1. In a recent tweet, Binance assured its users that they could smoothly conduct their withdrawals and trading activities following the regulation changes. Binance has introduced the option to convert Australian Dollar (AUD) balances to the widely used stablecoin, Tether (USDT). This move aims…

    Article 2023年6月6日
TOP