POLITICO Confidential: Bye-bye Huawei — No
jackpot for Team Truss — Vitali Klitschko interview
BY JAMIL
ANDERLINI
NOVEMBER
26, 2022 10:00 AM CET
EU
Confidential
By JAMIL
ANDERLINI
Dear
readers,
This week I
was in Lucerne for the Europa Forum, an excellent gathering of Swiss worthies
and intelligentsia. My theme was deglobalization and the new Cold War, which I
argue we are already in today, even if most of Europe doesn’t realize it yet.
The signs
of deglobalization are everywhere — from accelerating “reshoring” and
“friendshoring” to COVID supply chain disruption and worker riots in the
Zhengzhou factory that produces most of the world’s iPhones. America’s
weaponization of the global dollar financial system, the collapsing crypto
ponzi bubble, the growing backlash to migration everywhere and the splintering
of the internet into authoritarian intranets where dictators censor everything
in the name of “digital sovereignty.”
As for the
New Cold War — I am constantly explaining to clueless, often arrogant, Western
politicians and captains of industry that this is not really a choice for them
— because Xi Jinping, Vladimir Putin and probably the ayatollahs in Iran have
already decided to fight the West. Much of the American political class has
woken up to this already. Europe seems to be several years behind reality,
mainly because of what a former colleague of mine described as the “narcissism
of small differences” and the obsession with competing against European
neighbors or the American hegemon.
We should
all hope this will only be a cold war — and doesn’t devolve into something much
worse. One worrying historical analogy — what if Russia is playing the role of
the ailing Austro-Hungarian Empire while China is Kaiser Wilhelm’s Second
Reich, dragged into a catastrophic conflagration nobody really wants but which
they can’t seem to avoid?
On that
depressing note, I wish you all a pleasant weekend. Please spare a thought for
the people of Ukraine, many of whom have no power, water or heating as
temperatures plummet.
EDITOR’S
CHOICE
How
Washington chased Huawei out of Europe
Sweeping,
yet packed with scoops, this article uses a series of revelations about
Huawei’s European operations to show how — and explain why — the Chinese tech
firm has called time on its global ambitions. Read the story.
Europe
accuses US of profiting from war
Since
Russia invaded Ukraine in February, the Western alliance has remained
remarkably united. That unity is now beginning to crack under the pressure of
the economic fallout from Putin’s invasion. U.S. gas prices, weapons sales and
new protectionist trade plans threaten to destroy European businesses and
plunge EU economies into recession, Brussels believes. In explosive comments to
POLITICO, backed privately and publicly by others, one senior EU official
warned that public opinion in Europe will turn against both the war and America
if Joe Biden does nothing to help. Read the story.
Too far,
too old, too few: Europe is running out of doctors
A trip to
the small town of Le Vigan in southern France showed readers why rural health
care in Europe is in crisis: The doctors who founded the local medical center
are nearing retirement and, try as they might, they can’t recruit any
replacements and the center could be forced to close — creating another
“medical desert.” France has, for decades, trained too few doctors. And now, in
a problem faced across Europe, patients are paying the price. Read the story.
There’s no
post-power gravy train for Team Truss
A really
juicy story that hits all the POLITICO buttons, pitting the U.K.’s three last
former prime ministers against one another to get an indication of what sort of
gravy train they’re riding. No doubt it will be the talk of the town.
Laugh-out-loud funny — especially at the comment on leaving the Truss weeks off
LinkedIn — and a very smart insider-type story about politicos and the perils
of serving a disastrous PM. Read the story.
EU plans
subsidy war chest as industry faces ‘existential’ threat from US
A very
important story most mainstream press missed because they’re not reading the
broader picture and we are. Energy prices are killing Europe’s industrial base
and even German politicians are panicking and ready to U-turn on state
intervention. Bye bye neoliberal/competition policy, bonjour French-style
dirigisme. This story tells us about a turning point we’re all sensing. Read
the story.
France’s
digital taxman goes after Amazon — again
Crunchy
tech scoop on the French government sneakily reversing a top administrative
court’s decision that was a win for Amazon. Read the story.
How
vulnerable countries finally got a fund for climate damage
Our
coverage of the COP27 U.N. climate summit in Egypt was packed with scoops
during the two weeks of talks. As negotiations reached the crunch during the
final 36 intense hours, our reporters on the ground broke news of the
deal-making as it happened. Here, they trace how the hard-won prize of an agreement
on funding for vulnerable countries came together. As ever, the politics of
climate change negotiations isn’t pretty, but the real-world impacts are even
worse. Read the story.
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