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Britain joined what became the European Union in 1973 .Prime Minister David Cameron claims that the concessions he has won from Britain's EU partners should lay to rest popular concerns about a loss of sovereignty to Brussels and an influx of foreign workers from Eastern Europe.In the United States, President Barack Obama's administration has stated clearly its belief that Britain and Europe are both stronger together. Illusions of a special relationship with the U.S. replacing the influence of Europe are mistaken. Over the longer run, the effects on the global balance of power and the liberal international order – in which Britain has a strong national interest – would be negative.It has the world's largest market, represents 17 percent of world trade, and dispenses half of the world's foreign assistance.In terms of military expenditure, Europe is second only to the U.S., accounting for 15 percent of the world total, compared to 12 percent for China and 5 percent for Russia. France and Britain are the two major sources of European expeditionary power.
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