Berliner Boersenzeitung - Europe, Canada pull together in Yerevan in Trump's shadow

EUR -
AED 4.095102
AFN 72.480008
ALL 90.801688
AMD 402.807486
ANG 1.995737
AOA 1023.635334
ARS 1721.721299
AUD 1.61933
AWG 2.007127
AZN 1.900047
BAM 1.955836
BBD 2.250342
BDT 139.162586
BGN 1.948955
BHD 0.422108
BIF 3342.96213
BMD 1.115071
BND 1.431727
BOB 13.402249
BRL 6.138357
BSD 1.117321
BTN 104.873949
BWP 15.391286
BYN 3.345962
BYR 21855.38619
BZD 2.247142
CAD 1.573644
CDF 2586.964483
CHF 0.914162
CLF 0.027822
CLP 1094.980351
CNY 7.444774
CNH 7.438418
COP 3608.76707
CRC 506.709417
CUC 1.115071
CUP 26.815498
CVE 110.267049
CZK 24.346956
DJF 198.963698
DKK 7.480457
DOP 67.891262
DZD 151.940824
EGP 59.957114
ERN 16.726061
ETB 183.378708
FJD 2.526309
FKP 0.834974
GBP 0.834166
GEL 2.893653
GGP 0.834974
GHS 13.055243
GIP 0.834974
GMD 83.077063
GNF 9896.183924
GTQ 8.538159
GYD 234.234353
HKD 8.744429
HNL 30.029558
HRK 7.547925
HTG 146.432722
HUF 363.51345
IDR 20192.258205
ILS 3.552538
IMP 0.834974
INR 104.716854
IQD 1693.83148
IRR 2108992.359359
ISK 136.919964
JEP 0.834974
JMD 177.323296
JOD 0.790629
JPY 176.710877
KES 145.192698
KGS 97.510486
KHR 4552.084602
KMF 492.86165
KPW 1003.563608
KRW 1520.737678
KWD 0.346765
KYD 0.931217
KZT 500.809308
LAK 25136.46717
LBP 100053.859534
LKR 371.556906
LRD 189.94353
LSL 18.477643
LTL 3.292514
LVL 0.674496
LYD 7.150133
MAD 10.921803
MDL 19.971371
MGA 5077.094359
MKD 61.556144
MMK 2341.587311
MNT 4015.514918
MOP 9.019368
MRU 45.108838
MUR 52.442198
MVR 17.176258
MWK 1937.436008
MXN 20.766565
MYR 4.528864
MZN 71.257178
NAD 18.477643
NGN 1502.23485
NIO 41.120764
NOK 10.548462
NPR 167.798119
NZD 2.015128
OMR 0.428348
PAB 1.117421
PEN 3.848972
PGK 5.092095
PHP 70.369926
PKR 309.016043
PLN 4.399568
PYG 6984.129802
QAR 4.084276
RON 5.343646
RSD 117.622186
RUB 91.352798
RWF 1649.13065
SAR 4.188587
SBD 8.974739
SCR 15.358485
SDG 670.719139
SEK 11.033072
SGD 1.430306
SHP 0.835103
SLE 25.591287
SLL 23382.48045
SOS 638.511867
SRD 41.908265
STD 23079.712667
STN 24.500455
SVC 9.776182
SYP 14498.149201
SZL 18.471343
THB 37.411034
TJS 10.307092
TMT 3.902748
TND 3.343362
TOP 2.684822
TRY 55.9111
TTD 7.577141
TWD 36.546782
TZS 2952.454872
UAH 50.616941
UGX 4570.084937
USD 1.115071
UYU 44.950835
UZS 13332.247784
VES 999.456181
VND 28526.296796
VUV 132.393741
WST 3.108622
XAF 655.957
XAG 0.021465
XAU 0.000274244363
XCD 3.013535
XCG 2.013637
XDR 0.788413
XOF 655.957
XPF 119.331742
YER 263.853652
ZAR 18.420333
ZMK 10036.978597
ZMW 22.703422
ZWL 359.052318
SSP 6406.340367
MXV 2.33632
  • CMSD

    -0.1200

    19.81

    -0.61%

  • JRI

    0.0000

    10.77

    0%

  • BCC

    -1.8200

    74.15

    -2.45%

  • CMSC

    -0.2228

    19.53

    -1.14%

  • BCE

    0.2000

    20.34

    +0.98%

  • RIO

    0.0100

    94.17

    +0.01%

  • AZN

    -2.7400

    161.47

    -1.7%

  • GSK

    -1.1800

    48.17

    -2.45%

  • RBGPF

    0.0000

    65

    0%

  • NGG

    0.8800

    75.82

    +1.16%

  • RYCEF

    -0.7300

    19.08

    -3.83%

  • BTI

    -0.4500

    54.4

    -0.83%

  • BP

    0.4700

    43.99

    +1.07%

  • RELX

    -0.0600

    33.18

    -0.18%

  • VOD

    -0.1800

    16.15

    -1.11%

Europe, Canada pull together in Yerevan in Trump's shadow
Europe, Canada pull together in Yerevan in Trump's shadow / Photo: Ludovic MARIN - AFP

Europe, Canada pull together in Yerevan in Trump's shadow

European leaders talked up independence on defence and closer ties with Canada Monday, as they gathered in Armenia for a summit clouded by US threats to cut military support.

Text size:

US President Donald Trump loomed large over the meeting of the European Political Community (EPC) in Yerevan, which was for the first time attended by a non-European leader: Canada's Mark Carney.

"We don't think that we're destined to submit to a more transactional insular and brutal world and gatherings such as these point to a better way forward," the Canadian prime minister told fellow leaders.

Trump's go-it-alone policies on trade and defence have pushed Canada and Europe closer together, with both now confronting the economic fallout from the US-Israeli war on Iran which has further strained transatlantic ties.

The Armenia gathering comes days after Washington announced it would pull 5,000 US troops from Germany, whose leader, Chancellor Friedrich Merz, has sparred with Trump over the Middle East conflict.

"We have to step up our military capabilities to be able to defend and protect ourselves," EU chief Ursula von der Leyen told reporters in Yerevan. The bloc needed "more independence" in security matters, she added.

Like Europe, Canada's economy has been hurt by Trump's tariffs -- but Carney has remained defiant, emerging as something of a figurehead for countries looking to stand up to the Republican president.

He has urged middle powers to join forces in the face of a new reality defined by great power competition and a "fading" rules‑based order.

Moving to diversify away from its southern neighbour, Ottawa has become the first non-European country to join the EU's defence financing scheme, while seeking to increase cooperation on trade.

"We're the most European of non-European countries, so there's many ways that we can work together," Carney told reporters in Yerevan.

"Great to count on friends like Canada!" European Council President Antonio Costa wrote on social media.

A biannual political forum, the EPC was established on the initiative of French President Emmanuel Macron in 2022 in response to the invasion of Ukraine.

It was "initially perceived as an anti-Putin club" but Canada's participation has given it a new "anti-Trump slant", said Sebastien Maillard, a special adviser at the Jacques Delors Institute, a think tank.

- 'Stepping up' -

Trump's threats to reduce the US military presence on the continent have reinforced calls for Europe to do more for its own security, as Russian President Vladimir Putin's war in Ukraine grinds into a fifth year.

"This summer will be a moment when Putin decides what to do next, expand the war or move to diplomacy, and we must push him toward diplomacy," Ukrainian President Volodymyr Zelensky told the gathering, calling for more sanctions on Moscow.

NATO chief Mark Rutte admitted Monday there had "been some disappointment on the US side" over Europe's reluctance to get behind the Iran war.

But Europeans had "heard the message", were now providing logistical support to US operations and pre-positioning "key assets close to theatre, for the next phase", Rutte told reporters.

"Europeans are taking their destiny into their own hands, increasing their defence and security spending, and building their own common solutions," echoed France's Macron.

- Albania to Britain -

The EPC brings together the members of the European Union and, this time, 21 other countries, from Albania to the UK.

EPC summits do not normally produce concrete decisions but offer the opportunity for leaders to exchange in groups and bilaterally.

Azerbaijan's President Ilham Aliyev took part via video link, something an EU official said was "highly significant" and reflected progress in ties with bitter rival Armenia after the signing of a peace deal last year.

The gathering is the first of its kind in the Caucasus and comes as Armenia fosters closer links with Europe while seeking to cautiously loosen itself from Russia's grasp.

It will be followed Tuesday by an EU-Armenia summit with the bloc's chief officials Costa and von der Leyen, who described it as a "major milestone" in the country's rapprochement with Europe.

Under Prime Minister Nikol Pashinyan, Armenia has formally pursued a strategy of what he calls "diversification", in which the landlocked country pursues ties with both Russia and the West.

(P.Werner--BBZ)