ISN’T TIME TO PIVOT A BIT BACK TO EUROPE?
Brussels: Last year, the Obama administration released its latest strategic guidance for the Pentagon. The lead headline read “U.S. pivots to Asia.” As a result, virtually every state from the Atlantic approaches to Europe to the distant reaches of the Pacific was angered, frightened, puzzled or stunned by the way the new strategy was rolled out. The Pentagon made the best of a bad situation calling the strategic pivot “rebalancing.” The arguments for shifting focus to Asia are clear if not correct. The growth of Chinese and Indian economies are important reasons for altering American interests, no doubt magnified by the trillions of dollars of US debt and equities held [...]