No Peace Dividend

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STALLED: Europe's exporters are nervous

Anton Boerner, president of the BGA, Germany's federation of exporters and wholesalers, is jittery. "When you listen to Mr. Rumsfeld comparing Germany to Libya and Cuba, you don't need much imagination to see that we must be careful," he says. And he's not alone. There's a growing fear among German, French and Belgian businesspeople that their countries' dovish stance on Iraq could harm trade with America. In Belgium, where diamonds account for 25% of trade with the U.S., the industry has warned of "disturbing" signals from American buyers. In France, cheese dealers report falling sales and a raft of angry messages...

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