THE TRANSATLANTIC PARTNERSHIP: TWILIGHT OF TRANSFORMATION?

Early in the twenty-first century, there is a general feeling that the primacy of the transatlantic economy is in its twilight. Given the global weight of the transatlantic partnership, disputes and disagreements between the United States and Europe invariably take on global dimensions. Against this backdrop, the world cannot afford the transatlantic economy to fail, which makes the all the transatlantic bickering since the crisis began all the more discouraging. The current economic crisis presents a unique opportunity for leaders on both sides of the Atlantic to rewrite and reconfigure some of the basic fundamentals of the transatlantic economy. Only strong cooperation and coordinated response to the global crisis would underpin and support the transatlantic economy’s role as one of the most important components of the global economy.

Read more in Policy Paper prepared especially for 5th GLOBSEC Security Conference by JOSEPH QUINLAN, Chief Market Strategist of Bank of America Capital Management, at: http://www.ata-sac.org/globsec2010/uploads/documents/Joseph%20Quinlan%20-%20The%20Transatlantic%20Partnership.pdf