Two ways US and Europe can boost their economies
Over the past few years, the United States and Europe have rarely been the source of positive news for the global economy. While the nascent American recovery is fragile and under constant threat from political brinkmanship in Washington, Europe has been pulled back into recession as a result of its sovereign debt crisis.
To some observers the malaise symbolizes the decline of the transatlantic economy, as emerging powers claim a bigger share of global trade, investment, and economic growth.
But the US and Europe now have two significant opportunities to give their economies – and the relationship between their economies – a much needed boost.
Read this article in its entirety at Christian Science Monitor.
Peter Sparding is a transatlantic fellow for economic policy at the German Marshall Fund of the United States. The views are the author’s alone.