Business Briefs

The New Transatlantic Relationship

On the morning of November 5th, 2008, Europe and the wider world sat in collective anticipation that the election of Barack Obama as the 44th President of the United States would end what they had perceived as a counterproductive foreign policy stance of isolation and interventionism. Enthusiasm for this new administration is widespread and the expectations for its positive engagement with the world are high. Many anticipate a revival of transatlantic bonds and closer cooperation between Europe and the United States in international affairs. Indeed, the first signs from the new US administration are encouraging. The closure of Guantanamo Bay and the renouncement of torture, as well as the promise of greater international cooperation have all been welcomed in Europe. Does this mean an end to transatlantic friction? What can Europe expect from the new US administration in office? And what can the US expect from the current generation of European leaders? Will the world witness a renewal of the transatlantic bargain? And will the allies be able to provide a common solution to current international problems from the financial crisis to Afghanistan? This brief will consider some of these issues and will set the tone for this series of briefs on transatlantic relations.

  • The United States: A Softer Tone and New Demands
  • The European Union: On the Way to Greater Unity?
  • The Issues: Saving the World from Terrorism and the Financial Crisis
    • Trade Policy and the “Buy American” Clause
    • Afghanistan and the War on Terror
    • Relations with Russia
    • The Middle East Conflict and Iran
    • Climate Change and Renewable Energies
  • Conclusion: A New Transatlantic Bargain?


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