Since the global financial crisis in 2008, we have been living through the slow and painful end of 'Chimerica'. Now the terms of the separation between the two nations risk awkward discomfort for the rest of the world.
For most of the last 30 years China’s leaders have been kept awake at night worrying about their country’s poverty. But as the country approaches its once-in-a decade leadership transition this fall, it is China’s affluence, rather than its poverty, that is causing sleepless nights.
The British debate on Germany and the euro should focus on understanding Merkel's technocratic ideas without invoking Hitler and the Second World War. The best way to get Germany to abandon its counterproductive economic reforms is to talk about a compelling European future, rather than dwelling on the past.
It is becoming clear that the roots of the euro crisis are political rather than economic. The 2008 financial meltdown may well give birth to one of the great moments of political realignment where mainstream parties are being pushed to the sidelines and parties that used to skulk on the fringes are dominating the agenda.
Europeans are strongly in favor of global governance when it is a process they inflict on others, but they are not so keen when others comment on Europe’s affairs. So, is Europe losing its religion on multilateralism?
The elitist and technocractic nature of German politics means that the case for European integration is not being made to the German people. Worryingly this is also giving an opportunity for anti-EU populists to gain influence.
One of the big stories of the last 60 years has been the creation of a European-inspired legal order in the shell of an American security order. This is often called the Western liberal order – and I think that the biggest global risk is the threat to that order.
Unlike saving the euro, saving CSDP and building Europe's shared defence and security capacity need not cost a cent. It would also be invaluable in helping the EU develop as a serious foreign policy actor.
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