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EU has comparable economic power with the US
EU has 15.2% of world economy and US has 15.5%
level of economic integration in the EU can lead to instability (due to absence of fiscal union)
2008 economic crisis lead to Greece sovereign debt crisis
Portugal, Italy, Greece and Spain
EU can be seen as united on foreign and military terms
Common Security and Defence Policy
Training security forces in Mali 2014
recent EU foreign policy has been more fractured
Germany sought to block the export of weapons to Ukraine was Estonia
Hungary vetoed 6bn euro aid to Ukraine and didn’t sign declaration of support
EU holds significant power in global structures
member of WTO (challenged US on steel and China on textiles) and G20
does not hold a position of power in the UN
only states are members of the P5 and the EU is only granted observer status
shows importance of states
membership of the EU has a large impact on economic sovereignty
19 members of the eurozone
give up ability to independently set interest rates - now set by European Central Bank
states have the right to opt out of the eurozone
Denmark and the UK didn’t join
NATO membership can lead to a loss of foreign policy sovereignty
Article 5 triggered after 9/11
NATOs targets aren’t legally binding
2% target on spending on defence isn’t binding
23/32 countries met the target in 2024
EU has large areas of political competence
competition policy, agriculture and patent laws (copyright)
most regional organisations protect political soverienghty
Arab League - all members have a veto
when regional bodies are united of foreign policy can have global impact
EU $31.5bn support to Ukraine 2022-23
Arab League united on Gaza reconstruction plan
regional bodies usually keep interests to within the block
ASEAN share terror threats to maintain security
EU have deep economic integration can help facilitate trade deals
Trade agreement with Japan 2019
EU has played an effective role if resolving conflict
Good Friday Agreement 1998
Iran nuclear deal 2015
EU lacks unity on military power
reliance on NATO for intervention in Kosovo and Yugoslavia
EU’s focus on soft power can be beneficial
US overused hard power (war in Iraq 2003) and lost legitimacy
ASEAN has created a free trade area similar to the EU
0% duties on products
market value of $2.6 trillion
USMCA isn’t as integrated as the EU
no freedom of movement of people
contentious issue of US and Mexico with migration
other regional bodies model EU political cooperation
AU intervention in Sudan
EU is very culturally united
focus on individual rights ECHR
Arab league has common security policy
kicked Syria out in 2012 and Libya in 2011
EU has some level of military cooperation
EU use of operation Atlanta in Gulf of Aden 2008 to protect interests in the Suez Cannel