well...it would if there WAS a european foreign policy. most of the time it looks like this:
middle east: criticize israel, criticize the us for supporting israel, and then criticize the us for not forcing a peace plan on the whole area so everyone can be happy and love one another. of course, if the us did come up with the perfect peace plan and tried forcing everyone to accept it, that would be like evil us hegemony or something.
Iraq: criticize the us, swear on the bible that saddam doesn't have any nukes or bad bio/chem weapons...and even if he did, he surely wouldn't use them, and push to lift sanctions so they can sneak more european companies in there to fund saddam's exploitation of the people. strangely, oil companies from europe are benign and wholesome unlike their American counterparts.
iran: criticize the us for...well...for supporting the shah! and uh...for pissing off the iranians. and...well...I'm sure they'll think up more things to criticize the us for later.
china: criticize the us for unnecessarily causing tension with china, try to cram as many european companies in there to make $$, then veto any un resolution sponsored by the us that's critical of china's human rights record(exception being the few countries like iceland who sometimes have the balls to stand with the us on resolutions that might make the old men in beijing mad)
north korea: criticize the us for not giving the north Koreans everything they want. criticize the us for actually laying out conditions in negotiations and then expecting north korea to stick to their word. criticize the us for comtemplating ending the no-nukes for aid plan when north korea has already declared that they HAVE been working on their nukes and will continue to do so...but would still like some aid.
and let's not forget these gems of european foreign policy past:
saddam 1: criticize the us for starting a war. criticize the us for killing iraqi soldiers in the war. criticize the us for sending troops into Iraq(we only agreeded to kuwait! don't drag us into a bigger war by going into Iraq!). THEN criticize the us for not going into baghdad and taking out saddam.
bosnia and Kosovo: pass a few resolutions, send in some peacekeepers who sit around and watch massacres first hand, wait for the us to figure out what to do, and then criticize the us for killing innocent civilians in the process.
rwanda: criticize the us for not doing anything
somolia: criticize the us for doing too much
yup, I'm being pretty harsh, but if anyone would like to point out any foreign policy successes which the euros have accomplished in the last 20 years, I'd love to hear them. btw, I don't count passing un resolutions and then refusing to do anything when they're broken as a foreign policy success.