Brexiteers in Britain are denouncing the EU as an all-powerful behemoth from whose clutches Britain must escape, just as the organisation is demonstrating its failure to become more than a second-rate world power.
The EU’s real status – well behind the US, Russia and China – has just been demonstrated by its inability to protect Iran from US sanctions following President Trump’s withdrawal from the Iran nuclear deal of 2015. A year ago, Angela Merkel and Emmanuel Macron made humiliating visits to Washington to plead vainly with Trump to stay with the agreement, but were rebuffed.
Since then the US has successfully ratcheted up economic pressure on Iran, reducing its oil exports from 2.8 to 1.3 million barrels a day. The UK, France and Germany had promised to create a financial vehicle to circumvent US sanctions, but their efforts have been symbolic. Commercial enterprises are, in any case, too frightened of the ire of the US treasury to take advantage of such measures.