Abstract
Arab hopes of an emerging multipolar international system after the Cold War were immediately dashed by the second Gulf War. The US proved to be the indispensable guarantor of security, especially for the Gulf Cooperation Council (GCC). Nevertheless, the EU and the GCC had engaged in a successful relationship since their formal cooperation agreement in 1988. The following article gives an insight into the priorities of both. Furthermore, it asks whether the numerous political declarations of the EU‐GCC Joint Council are more compensation for stalemate in the free trade negotiations than the expression of real political ambition, with the GCC mainly interested in using the EU as an element of counterbalance and the EU primarily concerned with safe energy supplies. Finally, the article examines the probability of continuing European junior partnership with the US or a more equal role in the Gulf area—either through European initiative or an increasing American reluctance to make sacrifices in order to secure the oil flow to European economic competitors.
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