Brexiteer May gets lip-service from Trump and Turkish promises from Erdogan

Washington D.C., 27 January 2017. The British Prime Minister Teresa May and the US President Donald Trump held a joint press conference after their meeting at the White House. (Foto: UK Government work).

Washington D.C., 27 January 2017. The British Prime Minister Teresa May and the US President Donald Trump held a joint press conference after their meeting at the White House. (Foto: UK Government work).

The rush announcement of a fabulous trade deal with the US, which ,Teresa May, the British Prime Minister sought last week in Washington D.C., didn’t materialize. As for the much advertised ‘special relationship’ between the US and Britain, it will bear no economic meaning whatsoever, at least in the foreseeable future. The governing Brexiteers in London desperately look for somewhere to lean on after they dragged their country out of the EU, to set sail alone in rough high seas. Donald Trump seemed ready to offer mere tokens, like a very brief hand holding, which his guest can’t easily sell to her internal audience. May is the first foreign leader who the newly installed tenant received in the White House.

Such meaningless gestures though, do not impress mainland Europeans, who are ready to decisively get rid of Britain once and for all. Undoubtedly, the cost to Britain will be much larger than what the EU will lose after Brexit. May, however, might have believed the Turkish President Tayyip Erdogan, who promised to replace Europe as a trade partner of Britain. Let’s take one thing at a time.

Hollow promises

All the experts agree that a future US – Britain free trade deal, if and when it is to be applied, cannot offer even a small fraction of the economic weight, which the EU internal market did for the British economy in general and the London City financiers in particular. Actually, what Trump promised was that Britain is to keep the trade arrangement the UK already has as an EU full member state. On top of that, Britain is a European economy with strong social, environmental and public health protection features, which will certainly create overwhelming problems in drafting a bilateral free trade deal with Trump’s America. As for the geostrategic aspect, it’s not a secret that during the past many decades Britain – despite some intelligence sharing that the US carefully controls – was considered by Washington as a compliant subordinate state, watching for the American interests in Europe.

Last Friday, controlled and cautious Teresa May, when meeting with unpredictable, uninhibited and impulsive Donald Trump, surely didn’t discuss only what elusively bonds their two countries. The British PM raised the Moscow ‘question’ and told her interlocutor that Putin’s resurgent Russia constitutes a escalating threat for the West. She also told him that the days of the joint American-British interventions to sovereign countries are over. It’s not at all sure if Trump agreed to all that. Their common political origin from the populist platform of anti-globalization and anti-establishment is not enough to offer fertile ground for a productive new partnership. The opposite is probably true. Their populist rhetoric prevents them from being generous and open.

Trade in detail

In detail now, it’s highly improbable that Trump would grant free access to the US market for cars or Rolls-Royce aircraft engines produced in Britain. In reality, a further reduction of the already minimal import duties will mean nothing to Britain. On top of that, the US is the only advanced industrial country, where Britain exports to a bit more than it imports from. So, given this state of affairs in their trade balance, the US is the party justified to demand further trade concessions from Britain, not the other way around.

In reality then, May’s trip to meet Trump was more of a desperate cry for help in her difficult divorce procedure with the EU, rather than a real prospect for a good trade deal for Britain. Unfortunately, May only got President’s praise for her country having voted for Brexit. At this point, Trump didn’t miss the opportunity to praise himself once more, for having correctly predicted the outcome of the June 2016 referendum.

In conclusion then, the British PM got a lot of empty words about this void of content ‘special relationship’, but not a solid promise or clear remark concerning the much wanted free trade agreement. According to an announcement by May’s spokeswoman late last Saturday, all Trump promised was that Britain will have the same trade regime with the US after leaving the EU as of today, still being an EU full member state! This means Britain cannot expect from the US more than it already has. Strangely enough, the PM’s aide meant it as a major gain!

Turkish support

As it turned out, May got more from Turkey, where she flew directly from the US on Saturday. Her spokeswoman stated that this odd country is ready to set up a working group to prepare a free trade deal with Britain right away. Undoubtedly, this is a standard Turkish lip service and all together it’s much less than what Downing Street expected from last week’s trips around half the globe. As for the hand holding between Trump and May, it cost nothing to the American and will offer her very little comfort at home. Not to forget, that she will be obliged to pass her hard Brexit proposal in an overwhelmingly hostile Parliament.

After the final ruling of the British Supreme Court, the government is obliged to get the Parliament’s approval for the country to exit from the European Union. This has to be done soon, if London is to honor its pledges to the other EU member states, so that the Brexit application will officially reach Brussels in March. The problem is that the vast majority of the MPs are well known Brimainers. It will be very strange if they will just succumb to the result of the referendum, without discussing and even formulating the kind and the terms of the Brexit their government is to negotiate with mainland Europeans.

The Parliament test

Already, there is strong criticism of May’s trip to the US. Both British and other European political leaders scorned her for ‘selling’ Britain cheaply to the Americans. May, with her trip to the US, aimed at something much more tangible than a hand holding and a reassurance about the ‘special relation’. She desperately and urgently needs concrete support from Trump’s US, in order to strengthen her card in the Commons and the negotiations table in Brussels. Instead of that, what she brought back home yesterday to Downing Street was Erdogan’s reassurance that he will start ‘buying British’. Is this a help or a political burden?

Certainly, Teresa May’s trips around half the globe last week are the latest stopovers of her hasten round of official visits to get pledges about future trade deals. Alas, every first year student of international relations knows that if it’s the need that knocks on the door, the answer is usually ‘no’. If it’s a ‘yes’ it may turn out to be even more costly. And May is now learning this lesson the hard way.

Advertising

Advertising

Advertising

Advertising

Advertising

Advertising

Featured Stings

Press conference by Algirdas Šemeta, Member of the European Commission, on a comprehensive package to strengthen the fight against tax evasion and aggressive tax planning in the EU. (EC Audiovisual Services).

EU ready to relinquish its internal tax havens

The European Commission of Last-Chance
In the 1st row: Cecilia Malmström, Member of the EC in charge of Trade, Jyrki Katainen, Vice-President in charge of Jobs, Growth, Investment and Competitiveness, Marianne Thyssen, Member of the EC in charge of Employment, Social Affairs, Skills and Labour Mobility, Federica Mogherini, High Representative of the Union for Foreign Affairs and Security Policy and Vice-President of the EC, Jean-Claude Juncker, President of the EC, Kristalina Georgieva, Vice-President of the EC in charge of Budget and Human Resources, Frans Timmermans, First Vice-President in charge of Better Regulation, Inter-Institutional Relations, the Rule of Law and the Charter of Fundamental Rights, and Vĕra Jourová, in charge of Justice, Consumers and Gender Equality,
in the 2nd row: Neven Mimica, Member of the EC in charge of International Cooperation and Development, Violeta Bulc, Member of the EC in charge of Transport, Jonathan Hill, Member of the EC in charge of Financial Stability, Financial Services and Capital Markets Union, Elżbieta Bieńkowska, Member of the EC in charge of Internal Market, Industry, Entrepreneurship and SMEs, and Margrethe Vestager, Member of the EC in charge of Competition,
in the 3rd row: Tibor Navracsics, Member of the EC in charge of Education, Culture, Youth and Sport, Pierre Moscovici, Member of the EC in charge of Economic and Financial Affairs, Taxation and Customs, Valdis Dombrovskis, Vice-President of the EC in charge of the Euro and Social Dialogue, Andrus Ansip, Vice-President of the EC in charge of Digital Single Market, Corina Creţu, Member of the EC in charge of Regional Policy, Dimitris Avramopoulos, Member of the EC in charge of Migration, Home Affairs and Citizenship, and Vytenis Andriukaitis, Member of the EC in charge of Health and Food Safety,
in the 4th row: Phil Hogan, Member of the EC in charge of Agriculture and Rural Development, Günther Oettinger, Member of the EC in charge of Digital Economy and Society, Johannes Hahn, Member of the EC in charge of European Neighbourhood Policy and Enlargement Negotiations, and Christos Stylianides, Member of the EC in charge of Humanitarian Aid and Crisis Management,
in the 5th row: Maroš Šefčovič, Vice-President of the EC in charge of the Energy Union, Miguel Arias Cañete, Member of the EC in charge of Climate Action and Energy, Karmenu Vella, Member of the EC in charge of Environment, Maritime Affairs and Fisheries, and Carlos Moedas, Member of the EC in charge of Research, Science and Innovation. (EC Audiovisual Services, 22/10/2014).

Last-chance Commission: Why Juncker promised investments of €300 billion?

european youth forum

The European Youth Forum needs better signal for its “call” for Quality Internships

Bark Taeho, South Korean Minister for Trade, in the centre, and Karel De Gucht, Member of the EC in charge of Trade, on the left, heading for the first meeting of the EU-South Korea Trade Committee.

South Korea: A cherished partner for the EU

European Parliament. Committee on Economic and Monetary Affairs (ECON). Hearing with Danièle Nouy, Candidate for the Chair of the ECB supervisory board (on the left), pictured here with Sharon Bowles (ALDE, UK), ECON Chair. (EP Audiovisual Services, 28/11/2013).

The EU banking union needs a third pillar guaranteeing deposits

From left to right: Jeroen Dijsselbloem, President of the Eurogroup and Olli Rehn, Vice President of the European Commission. Press conference after the Eurogroup meeting of 27/1/2014. (The Council of the European Union photographic library).

The mother of all fights about inflation, growth and banks

Donald Tusk, President of the European Council (on the left), some months ago visited the countries along the Balkan route and Turkey. In Istanbul he met with President Recep Tayyip Erdogan. (Shoot location: Istanbul – Turkey. Shoot date: 04/03/2016. Copyright: 'The European Union')

The West castigates Turkey’s Erdogan for the ruthless political cleansing

European Business Summit Launch Event 2014, Square - Brussels Meeting Centre (EBS)

European Business Summit 2014 Launch Event: “Energising Industrial Growth”

The Prime Minister of Greece Alexis Tsipras (waving a hand) paid yesterday an official visit to the European Parliament. The president of the legislative welcomed the Greek leader and directed him to the plenary. (European Parliament Audiovisual Services, Event Date: 08/07/2015, City: Strasbourg, Copyright: © European Union 2015 EP).

Greece’s future solely in the hands of Tsipras; he can direct the poor country any way he likes

Cecilia Malmstrom, European Home Affairs Commissioner (EC Audiovisual Services)

MEPs Anti-fraud votes for more votes?

G20 meeting in Antalya, Turkey. Donald Tusk, President of the European Council, Recep Tayyip Erdoğan, President of Turkey, and Jean-Claude Juncker President of the European Commission (from left to right). (Date: 14/11/2015 Location: Antalya, Turkey, © European Union, 2015, EC - Audiovisual Service / Photo: Johanna Leguerre).

The three sins the EU committed in 2015

Even the Commissioner would have a very tough time going through the pile of paperwork on the new digital VAT in Europe. Pierre Moscovici, Member of the EC in charge of Economic and Financial Affairs, Taxation and Customs, in this picture embarked on a visit to Athens where he met with Antonis Samaras, Greek Prime Minister, and other Greek officials. (EC Audiovisual Services, 15/12/2014)

New VAT rules in the EU: how a digital sea could have become an ocean

From left to right, H.E. Ambassador Yang Yanyi of the Chinese Mission to EU, Mr Markku Markkula, President of the Committee of the Regions (CoR) and Luigi Gambardella, President of ChinaEU (© European Sting)

Europe’s richest regions actively seek investment from China’s biggest banks

JADE visits Lithuanian Junior Initiatives

Press conference by Joaquín Almunia, Vice President of the EC in charge of Competition on cartel decisions. Almunia shows with both his hands how he fought the beasts of cartel. (EC Audiovisual Services, 4/12/2013).

Commission offers discount on fines to banks for competition infringements

European Parliament Special committee on organised crime, corruption and money laundering with commissioner Algirdas Šemeta in charge of Taxation and Customs Union, Audit and Anti-fraud in the forefront, (European Parliament Audiovisual Services, 7/5/2013).

Tax evasion and fraud threaten the European project

Members of the European Parliament make a visit to the stock exchange in Shanghai, China. ( ©European Union EP/PE ).

What have the banks done to the markets making them unable to bear cheap oil?

Máire Geoghegan-Quinn, Member of the EC in charge of Research, Innovation and Science,

received Ren Zhengfei, CEO of the Huawei Technologies.

Huawei answers allegations about its selling prices

Algirdas Šemeta, Member of the EC in charge of Taxation and Customs Union, Audit and Anti-Fraud. (EC Audiovisual services).

Commission presents far-reaching anti-tax evasion measures

Ms. Rachel Bruls is a medical student at the University of Amsterdam and Regional Assistant for
 Medical Education in Europe for the IFMSA

On Youth Education: “Just a normal day in the life of a medical student”

Press conference by Michel Barnier, Member of the European Commission, on the communication on ‘shadow banking’. Probably he shows with his hands the hole through which bankers can avoid controls and bet other people’s money on risky placements, that may brink huge spoils to the lenders and catastrophe to others. (EC Audiovisual services, 04/09/2013).

German and French bankers looted the Irish and Spanish unemployed

Mrs Mrs Yan Yan, Deputy Director of the Research Center of Oceans Law and Policy in the National Institute for the South China Sea Studies (NISCSS)

An expert in the South China Sea issue on an exclusive interview at the European Sting

ANTALYA, TURKEY - NOVEMBER 15:  (Front row L-R) Chinese President Xi Jinping, Turkish President Recep Tayyip Erdogan, US President Barack Obama, Brazilian President Dilma Rousseff, Russian President Vladimir Putin, (2nd Row L-R) British Prime Minister David Cameron, Australian Prime Minister Malcolm Turnbull, German Chancellor Angela Merkel, Japanese Prime Minister Shinzo Abe, Indian Prime Minister Narendra Modi, Singapore's Prime Minister Lee Hsien Loong, (3rd row L-R) Guy Ryder, Director General of International Labour Organisation (ILO), UN Secretary-General Ban Ki-moon, World Bank President Jim Yong Kim, Angel Gurria (L), Secretary-General of Organization for Economic Co-operation and Development (OECD), Bank of England Governor and Financial Stability Board (FSB) Chairman Mark Carney pose for a family photo during the G20 Turkey Leaders Summit on November 15, 2015 in Antalya, Turkey. Berk Ozkan / Anadolu Agency

G20 LIVE: G20 Leaders’ Communiqué Antalya Summit, 15-16 November 2015

Antonio Tajani, Vice-President of the EC in charge of Industry and Entrepreneurship (first from left), went to Rome, in the toy shop "Little Big Town" in Piazza Venezia, to present the "EU Stop Fakes" campaign in the presence of Ivano Maccani, Provincial Commander of the Guardia di Finanza (Italian Finance Guard) (second from left). (EC Audiovisual Services, 20/12/2013).

Towards a seamless internal EU market for industrial goods

European Parliament. Last Monday 15 June Economic and Monetary Affairs Committee MEPs met ECB President Mario Draghi and debated the ongoing Quantitative Easing program and sovereign bond purchases, among other things. Members also discussed the state of play in talks between Greece and its international creditors. Roberto Gualtieri, President of ECON Committee (on the left) gazes at Mario Draghi answering a MEP’s question. (EU Parliament Audiovisual Services, Brussels, 15/6/2015, © European Union 2015 - EP).

European Court rules that ECB’s OMT program of 2012 is OK; not a word from Germany about returning the Greek 2010 courtesy

China Unlimited – The chinese tourism in Lisbon

Google Logo

I’m not feeling lucky: The “Right to Be Forgotten” ruling puts Google inside a box

Joint press conference by José Manuel Barroso, President of the European Commission on the right, and Karel De Gucht, Member of the EC, on the Transatlantic Trade and Investment Partnership and the Free Trade Agreement. (EC Audiovisual Services).

EU–US: What is the real exchange in a Free Trade Agreement?

European Parliament. ECON Committee meeting - Debate with National Parliaments. In the foreground Elisa Ferreira (S&D, PT), ECON Rapporteur on the rules dealing with struggling banks. (EP Audiovisual Services).

The Parliament paves the way for the creation of the European Banking Union

intel logo

MWC 2016 LIVE: Intel focuses on 5G “beyond the Powerpoint”

May a parody constitute a copyright infringement? European Court of Justice to give the answer

Jyrki Katainen, Vice-President of the European Commission in charge of Jobs, Growth, Investment and Competitiveness (on the left) went to Beijing and was received by the Chinese Premier of the State Council Li Keqiang (on the right). Katainen traveled to Beijing to participate in the EU/China High Level Economic and Trade Dialogue, together with Günther Oettinger, Member of the Commission in charge of Digital Economy and Society, and Violeta Bulc, Member of the EC in charge of Transport.  Jyrki Katainen and Ma Kai, Chinese Vice-Premier, then gave a joint press conference. (EC Audiovisual Services, 28/09/2015, Location: Beijing – Zhongnanhai).

China is the first non-EU country to invest in Europe’s €315 billion Plan

Jean-Claude Marcourt, Belgian Deputy Prime Minister of the Walloon Government and Minister for the Economy, SMEs, Foreign Trade, New Technologies and Higher Education, 1st from the right, Antonio Tajani, Vice-President of the EC in charge of Industry and Entrepreneurship, 1st from the left, Wolfgang Eder, President of European Confederation of Iron and Steel Industries (Eurofer), 2nd from the left, and Arnaud Montebourg, French Minister for Productive Recovery, 3rd from the left. (EC Audiovisual Services).

Why Europe’s high productive performance is discredited?

European Youth Forum Logo____

Young people all over the world come together to demand paid good quality internships

Ivan Burazin, Vice Chairman of European Democrat Students

Young people are Europe’s biggest value and hope

Michel Barnier, Member of the EC in charge of Internal Market and Services, on the right, received representatives from the Portuguese Banking Association (APB). (EC Audiovisual Services).

‘Free state aid’ for imprudent banks

Gallery Archive, from ‘The Campaign Trail with Donald J. Trump’. Donald J. Trump for President, Inc.

Trump beats Clinton but Americans will learn the hard way that the US can’t change with an election

Tom Segert, Director of Business Development of Berlin Space Technologies, on the right, providing some explanations on a technological feature to Valdis Dombrovskis, Vice-President of the EC. Dombrovskis visited Berlin to discuss economic and social policies in Germany and the EU. He also participated in a meeting to talk about the future of the Economic and Monetary Union. Date: 17/03/2016. Location: Berlin. © European Union , 2016 / Source: EC - Audiovisual Service / Photo: Steffi Loos.

No recovery for EU economy in sight and a Brexit can aggravate things for everyone

From left to right: Olli Rehn, Vice President of the European Commission, Yiannis Stournaras, Greek Minister for Finance, Michel Barnier, Member of the European Commission. Press conference after the ECOFIN Council of 28/1/2014. (The Council of the European Union photographic library).

A new proposal breaks the stalemate over the Banking Union

Participation of Androulla Vassiliou, member of the European Commission (5th from the left), at the event 'Education to employment: the growing skill and job gaps in Europe'. (EC Audiovisual Services, 13/01/2014).

Do academia and banks favour a new Middle Ages period?

Manfred Tropper, founder of mantro.net

GradList Launched At TheNextWeb 2014

GŸnter Oettinger, Member of the EC in charge of Energy.

A Sting Exclusive, the European Commissioner for Energy Günther Oettinger writes for the Sting on “EU Industry: a major energizer”

On 1 January 2015 Lithuania will become the 19th member state of the euro area, further deepening economic and financial integration with European countries. To mark this occasion as well as to discuss euro area enlargement and policy reforms that are aimed at strengthening the functioning of the single market and the EMU, the Bank of Lithuania together with the European Central Bank, the European Commission and the Ministry of Finance of the Republic of Lithuania organized on 25 September a euro changeover conference “Single Market, Single Currency, Common Future”. Speakers at this conference included Jyrki Katainen, Vice-President of the EC in charge of Economic and Monetary Affairs and the Euro (first from right), Mario Draghi, President of the ECB (first from left), Vitas Vasiliauskas, Chairman of the Board of the Bank of Lithuania (in the centre) and Rimantas Šadzius, Lithuanian Minister for Finance (not showing). (EC Audiovisual Services).

ECB reaches the boundaries of its mandate to revive the entirety of Eurozone

European Parliament, ECON Committee Press Conference on Economic governance "two pack" with European commissioner Ollie Rehn in charge of Economic and monetary affairs and the Euro (first from right). Bowles Sharon (ALDE, UK) Chair of the Committee (third from right), Ferreira Elisa (S&D, PT) (second from right), Gauzes Jean-Paul (EPP, FR) (third from left), Michael Noonan, Irish minister of Finance (second from left). 20/02/2013, European Parliament Audiovisual Services.

“Two Pack” approved: Is democracy chased away from Brussels?

acropolis

Is there a cure for corruption in Greece?

José Manuel Barroso, Angela Merkel, German Federal Chancellor, and Jean-Claude Trichet, former President of the European Central Bank (ECB), from behind (from left to right)

The world to teach Germans to…un-German

The Treaty on Stability, Coordination and Governance in the Economic and Monetary Union entered into force yesterday.

The new EU “fiscal compact” an intimidation for all people

Maroš Šefčovič, Vice-President of the EC in charge of Energy Union, participated in the 507th plenary session of the European Economic and Social Committee (EESC) (EC Audiovisual Services, 22/04/2015)

“Only through energy policy we can trigger competitiveness”. The Sting live from #EBS2015: Energy Union – When will it happen?

European Parliament. Committee on Civil Liberties, Justice and Home Affairs (LIBE) and Committee on Economic and Monetary Affairs (ECON) joint meeting. (EP Audiovisual Services, 20/2/2014).

EU Parliament: No EU-US trade agreement without safe data

European Economic and Social Committee. Labour Market Observatory Meeting in session. (EESC photographic library, 12 June 2013)

Civil society organisations disenchanted with “Youth Guarantee”

More Stings?

Speak your Mind Here

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s