The Biden Trump issue is now coming home to EU.
The Corona virus has been touted as the cause
for economic instability , it is not , a vaccine
is on the way , so why should the EU worry.
Well , the US politics are enmeshed in principles
that muddy the way forward. President Trump
is fuming since his assertions were never
fully complied with . He has sent lawyers in without
following correct evidence protocal required by
US courts (quite rightly so).
Now here comes the catch , the new legal base is
international , and 2500 strong , way bigger than
Guiliani’s smaller team. Thus if President Trump
is released from ‘duties’ (White House admin),
he now will have the full time to dedicate to the
legal process, and recovery.
In terms of damages he can claim to 3 times his
value ($2.5bnx3 = $7.5bn),mayebe more (since he was
US President too). But this will
set off a precedent where companies in the US economy
will be hit , even democratic sponsors could
be victim to ‘damages’ claims.
The knock on effect of the US will be felt by the
EU, Germany first , but the rest of the EU will
follow, there will be a downside coming.