December 6, 2012
A Big Idea to Juice Europe, U.S. Economies
David Ignatius, Washington Post
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...
TAGGED: European Union, Eurozone, global economy, United States, Europe