00:00He can go into Venezuela, he can take out Maduro, he can say he's going to take over Greenland,
00:04and yet the European Union are not exactly being very strong.
00:09I have to reject that assertion outright.
00:11I'm not sure you could find a European Prime Minister, President or country
00:15that didn't condemn outright, as Ireland did.
00:18Condemned it, but not very strongly.
00:19Well, condemned it and made it clear that if it was anything more than random musings,
00:22there'd be very significant economic responses.
00:25And we got to a point where the President of the United States
00:27backed down, quite frankly, and changed his position in real time.
00:31I think a couple of things.
00:32One, it shows the importance of not responding in a knee-jerk fashion to every true social post.
00:40And I'm not seeking to be overly critical of the opposition,
00:43but we did hear on the floor of the door this week,
00:45bring in retaliatory measures, use the ACI.
00:47I mean, thank God we didn't act in a knee-jerk manner,
00:49because actually acting calmly, collectively, working at a European level,
00:53avoided the worst coming to pass.
00:55But I certainly don't think, I think it would be foolish
00:58to presume that we can depend on this never happening again.
01:05I think Prime Minister Carney, I think, spoke for many people in Davos
01:09when he talked about the fact that there is now somewhat of a new world order,
01:13and the old international norms that we'd all been operating on for a generation and more
01:18is certainly tested at best.
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