"than some politically installed "America First!" yahoo. "
Until it comes to the politically installed "America First!" yahoo-in-Chief of course.
Shortly after ascending to office, President Donald Trump triggered a hiring freeze across most branches of the US government. The resulting understaffing has been a bit of a pain for Americans – but may be a boon for Europe. The freeze left the States without an appointed ombudsman to oversee the negotiations for, and …
Maybe we should install US Presidents randomly chosen from the diplomatic services instead. Nah, because then every aspirant would have to become a diplomat, resulting in a big 'penguin party' looking like a surrealist painting.
Better anarchy than that!
The US has never really negotiated, usually it has amounted to arm twisting by threatening with either trade regulation or not paying back some of the massive debts they are still running up every minute (which implies that any action that allows more debt creation ought to be blocked, but I digress)
Given that in Trumpism it considered it an "art" to have a winner/loser outcome instead of negotiating, I can't see that approach improve, so it depends on just how solid the EU wants to make a stand for privacy.
Legally, the US hasn't got a law/leg to stand on.
When has the US ever threatened "not paying back" some of its debts? They never have, and never will, because t bills would become worthless if the US threatened say Germany with non-payment and then other holders decided "what if we're threatened next" and decide to sell them all so they can't be used as a bargaining chip. The price would plummet, and the dollar itself would quickly become almost worthless.
No country would do that, except for one that's nearly insolvent and about to renege on their debt anyway.
I knew someone would have to be a smartass, but the US is nowhere close to insolvent. Now a country like Venezuela is probably a 50/50 bet to default on its debt in the next few years, but it's sort of a tradition that some South or Central American country will do that once a decade, so we're due.
People will bring up Greece, but the only reason they would have to default is because they can't devalue the euro. If they had never joined the EU, they would have done that years ago and been just fine. The EU is an object lesson on why a currency union without a fiscal union is ultimately doomed to failure. The question is whether the EU will heed that lesson by becoming a fiscal union (might be easier now that they don't have to keep hoping they someday get the UK to sign up as a full member) or Germany will remain stubborn until a few countries are forced to leave to fix their economies and the whole thing collapses.
She'll spend weeks on delicate negotiations, then the government will finally get things in gear, appoint an official replacement, and said replacement will then throw it all away in an instant in favor of some policy more aligned with the current American dogma that all regulation is evil.
Does Trump even know she exists? It sounds as if she was just the default boss after a failure to appoint a trump approved one, so Trump had nothing to do with it, accidental or otherwise. Once he becomes aware of her, if he reads the Register article for instance, then he will be able to fix the situation in his normal pointy haired boss style.
Biting the hand that feeds IT © 1998–2019