They can threaten all they want publicly, they won’t do it. Then they have no leverage and their only other alternative is to divert all their spending into military defense and the Europeans way of life ends. The Russian threat isn’t as big as the defense companies are claiming to manufacture consent for a profitable war.
The US empire is already dying, but it still has hard power. Europe has very little hard power and very little soft power, and as such their relevance on the world stage is vanishing. Cutting their ties with the US like that would result in essentially them getting rid of their support system.
What about EU threats to drop trillions in bonds if US support for Ukraine ends?
They can threaten all they want publicly, they won’t do it. Then they have no leverage and their only other alternative is to divert all their spending into military defense and the Europeans way of life ends. The Russian threat isn’t as big as the defense companies are claiming to manufacture consent for a profitable war.
They’d accelerate their demotion from imperial vassals to periphery countries. That’s it.
I think you’re ignoring the damage that would do to the US bond market?
The US empire is already dying, but it still has hard power. Europe has very little hard power and very little soft power, and as such their relevance on the world stage is vanishing. Cutting their ties with the US like that would result in essentially them getting rid of their support system.