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  Empty words on Ukraine spell doom for Nato Posturing with a hollowed-out military will only encourage Putin to further split the West Edward Lucas @edwardlucas Edward Lucas We are promising forces we do not have, to enforce a ceasefire that does not exist, under a plan that has yet to be drawn up, endorsed by a superpower that is no longer our ally, to deter an adversary that has far greater willpower than we do. Apart from that, Britain’s defences are in great shape. That is the upshot of this week’s joint declaration by Britain, France and other countries launching a multinational force that will be supposedly deployed in a postceasefire Ukraine. It came as Donald Trump reiterated his desire to seize Greenland from Denmark, by force if necessary. The world order is melting faster than the Arctic ice and our rulers have yet to realise it. Who does Sir Keir Starmer think he is kidding? Ukraine is two and a half times bigger than the old West Germany, where during the Cold War Bri...
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  Mandelson: Impotent Europe has to face reality Oliver Wright - Policy Editor Mandelson was sacked as an ambassador in September Lord Mandelson has accused Sir Keir Starmer and other European leaders of a “histrionic” reaction to President Trump’s plans to take over Greenland, saying that it exemplified their “growing geopolitical impotence”. In his first public intervention since being sacked as Britain’s ambassador to Washington last year, Mandelson praised Trump’s “decisive” to capture Nicolás Maduro and said European leaders had still not adjusted to the “revolution under way” in Washington. His comments will be seen as a rebuke to Starmer who has failed to endorse Trump’s move to change the regime in Caracas and joined other European leaders in calling on Trump to respect Danish sovereignty over Greenland. “Europe’s growing geopolitical impotence in the world is becoming the issue now, and histrionics about Greenland is confirming this brutal reality,” Mandelson wrote in an a...
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  View in browser To get John Authers’ newsletter delivered directly to your inbox,  sign up here . Today’s Points: Trump says he’ll  ban institutional investors  from owning single-family homes. ISM shows the  US services sector  is in robust shape. Kevins Warsh and Hassett are in a dead heat in the  race to run the Fed . The US intends to control  Venezuelan oil sales  indefinitely. AND: Songs when it’s hard to know  how to pay ... Spelling Affordability With a K The AI investment phenomenon is getting old. It’s now into its fourth year. Could the next big thing be spelled with a K? US midterm elections are due in November, both main parties will be fighting them on the issue of affordability, and there could be an opportunity in growing inequality and the so-called K-shaped economy. It’s corroding social harmony and prompting a drastic response from the White House. But it might yet make money for stockpickers. The prob...
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