Martin Wolf

Yes.

Well, I think the trust us has definitively gone.

That's hardly news.

I think that's true worldwide.

I'm just trying to think, does anyone actually trust this guy?

Because being untrustworthy seems to me the core of his modus operandi.

I mean, he wants to surprise people and he does in both directions.

So nobody in Europe believes

believes now that there's any promise that will come for this administration that is to be believed.

And I think that's true pretty well for everybody.

That's understandable because it's consistent with the evidence and the behavior and even what he says.

However, Europe is in a very, very unfortunate position, which is that it grew so dependent on America for so long that pretty well all its...

structures, its defense system, very obviously, but also the things it didn't bother to produce itself.

For instance, the whole tech array, the trade relations, the investment relations, and of course, the underlying ideology, the sort of liberal democracy they imported.

This all came from America.

I mean, we were wrong to say that it wasn't there.

A lot of this wasn't there before in different ways.

But after the war, the first and second together, it was so shatteringly demoralized as a continent and so damaged, we can go through the damage done to all the different major countries, that the U.S.

became the core of...

Every aspect of security, belief, trust, they were very, very content with this.