The wages of sin, redux.
A few days ago, Merde in France made suggested punishing France with more than a boycott, with policies that encourage corporations to move from France to "new" Europe.
Today, Charles Krauthammer outlines a much more comprehensive approach. He suggests:
Adding Japan and India as new permanent members of the security council.
No role for France in Iraq - no peacekeeping, no oil contracts, and France should be last on the list for debt repayment.
Begin laying the ground for a new alliance to replace obsolete cold war alliances
I agree and have said so before, but it has to be done "right." First off, heavy handed or inappropriate retaliation will just give Chirac yet another excuse to complain about the big bad hyperpower. Secondly, it has to be part of a comprehensive policy designed to reward and strengthen the bonds between like-minded allies.
Krauthammer's suggestions mostly fit the bill. I'd add:
Expand existing free trade zones or create new zones to encompass allies (e.g. Turkey, New Europe, selected parts of Old Europe).
Locking France out of Iraq is appropriate but has to be handled carefully:
Reconstruction contracts and peacekeeping duties are properly the responsibility of the provisional authorities (presumably a military administration at first) who would be fully within their rights to lock France out.
The administration would be wise to get administration of the oil fields under some form of nominally independent (civilian Iraqi or multi-nation) control as soon as possible; direct American control of Iraqi oil for any length of time will just feed the blood for oil crowd. The degree of French involvement during reconstruction is up to those authorities to decide. In the long term, it will be up to the government of Iraq to decide who gets contracts.
Decisions about which debts take priority will also be the responsibility of the US government. The US can't just move France to the bottom of the list on their own.
Now, I wouldn't expect the new government of Iraq to be terribly well disposed towards France, but the US can't dictate or even openly encourage that they punish France. They have to decide that on their own.
The US can craft policies that aren't good for France, but they can't be too direct or obvious and they'll have to be presented carefully. For example:
Instead of just paying for the reconstruction of Iraq, the US could structure it as debt and then campaign for all industrial nations to forgive debt on humanitarian grounds. Net cost to the US: Nothing they didn't expect to pay. Net cost to France and Russia: billions
Encouraging companies to move out of France is a possibility, but it has to be presented as "encouraging investment in developing Europe" rather than "discouraging investment in France."
The hard part starts after the shooting stops.