Europe’s challenge to US hegemony, Iranian collapse, and weak figures out of Germany

1 Big Thing: Europe's challenge to US hegemony
The Iranian sanctions have deepened a rift between the US and its European allies, principally because Europe has stronger business ties to Iran and new sanctions hurt that business. The New York Times reports the foreign ministers of Britain, France, Germany and the European Union saying in a joint statement, “we are determined to protect European economic operators engaged in legitimate business with Iran.”

Yesterday, I wrote that "the coming re-...


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