The US is not the only super power, they are a bankrupt country with a debt owned mostly by Chinese, Japan and Saudi Arabia. Look at the trade deficit Do the math! They are being sucked dry of money by the military industrial complex and bankers as we speak. Ask yourself this. Who do you expect to export your goods to that is close enough to not make freight costs a burden to profit and can afford the higher prices of Israeli good compared to places like China, Turkey, etc? I assure you Europe does not need Israel but Israel needs EU. This is evidenced by the desperate scramble to stop a boycott of your countries goods in Europe.
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Three Border Police officers wounded in suspected West Bank car-ramming attack (Haaretz)
from the article: Israel: EU official's 'occupation' remark casts pall on ties