Financial service providers act as the lubricating oil in the economy. They link consumers who want to invest their savings for a good return with companies who want to borrow on best terms for expansion.
Indeed, American companies make three times as much profits from their investment in one E.U. country, Ireland, than they do from all their investments in China.
States can be deterred by the fear of retaliation; non-state organisations cannot by deterred at all.
The U.S. - E.U. economic relationship dwarfs America's economic ties with China.
It is not viable for one country to demand a right to increase and upgrade its nuclear weapons capabilities while asking others to eliminate theirs.
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