Insight from Harvard: why there is no american hegemony and why Europe is a key player in this 3D chess game. "US military expenditure is equal to the next two dozen countries combined.. but there are more European than US troops helping to keep the peace today in the Balkans and in Afghanistan.. Europe's culture, values and the success of the EU have produced a good deal of soft power, the ability to attract rather than merely coerce others." ("Europe is too powerful to be ignored" by Joseph Nye in Financial Times)