The US empire is already dying, but it still has hard power. Europe has very little hard power and very little soft power, and as such their relevance on the world stage is vanishing. Cutting their ties with the US like that would result in essentially them getting rid of their support system.
I think you’re ignoring the damage that would do to the US bond market?
The US empire is already dying, but it still has hard power. Europe has very little hard power and very little soft power, and as such their relevance on the world stage is vanishing. Cutting their ties with the US like that would result in essentially them getting rid of their support system.