Word: bacharan
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...retaliation - most observers say the chances of the spat jumping from the defense sector to wider commercial deals are small at most. Military contracts have historically been so vulnerable to protectionism and national preferences that they aren't covered by World Trade Organization rules. For that reason, says Nicole Bacharan, a specialist on U.S.-European affairs at Stanford University, "the way this contract was handled wasn't any different from how it would be handled in any other country - especially one whose defense industry is as big but fragile as America...
...Bacharan both believe that the fracas will add to the rising disappointment in Europe with the Obama Administration - but not much more than that. "Everyone would lose if this were to spread to commercial trade, and there also isn't much political gain pushing this much further than it has now," Bacharan says. "The anger is good theater to a domestic audience, but it would travel very poorly across the Atlantic." (Read "France's Boardrooms: Little Diversity...
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