December 6, 2012

A Big Idea to Juice Europe, U.S. Economies

David Ignatius, Washington Post

AP Photo

Europeans seem relieved that Barack Obama won re-election. (One German official wrote in an informal paper that his victory was "the best thing that could have happened to the U.S.") But Europeans remain worried that the Obama administration's famous "pivot" toward Asia will leave them abandoned at a time of severe internal economic and political trouble.

But there's a big idea taking shape that could revitalize the U.S.-European partnership for the 21st century. It was the talk of Berlin and Hamburg when I was there a week ago, and there's a similar buzz in Washington. The idea is free trade -- specifically, a trans-Atlantic free trade agreement -- which I'll optimistically call "TAFTA."

Secretary of State Hillary Clinton tipped the U.S. hand on Nov. 29 when she said at...

Read Full Article ››

TAGGED: European Union, Eurozone, global economy, United States, Europe

RECOMMENDED ARTICLES

November 26, 2012
Optimism Rises as China, EU & U.S. Tides Turn
Bill Jamieson, Scotsman
What changed last week was that the outlook turned less negative. In China, the manufacturing purchasing managers index (PMI) for November rose from 49.5 to 50.4, the movement across the “boom-or-bust” line at 50,... more ››
November 28, 2012
UK Exit from EU No Guarantee of Better Fortunes
Clive Crook, Bloomberg
At some point, enough is enough. Maybe a separation on friendly terms would be better for all involved. Well, it might come to that, and it’s wrong to dismiss a British decision to leave as “unthinkable.” Equally, though,... more ››
December 5, 2012
Britain's Nasty Breakup with Europe
Geoffrey Wheatcroft, New Republic
Last Thursday, three by-elections, or special elections, were held in England. All were in seats that Labour MPs had represented before, two of them vacated by death and one by the resignation in disgrace of someone who had been... more ››
December 3, 2012
Catalonia Should Stay Part of Spain
Globe and Mail
The Spanish government – and the European Union – should not be unduly dismayed by the fact that the election in Catalonia on Nov. 25 gave secessionists a majority in the region’s parliament. The two main... more ››
December 3, 2012
A Country Called Europe Terrifies Britain
Thomas Klau, Irish Times
What becomes of the UK in Europe or outside, it has now become a fascinating but minor part of that far broader narrative. Continental federalists such as this author, of course, will be tempted to wish the UK Godspeed and bon... more ››