Friday, May 10, 2013

Transatlantic Divide Over the Economic Crisis

Here is another good piece from EU Observer highlighting the persistent "austerity vs. stimulus" debate that has characterized transatlantic relations since the onset of the fiscal crisis.  Many expected a renewal of the close working relationship between the US and the EU when President Obama took office in 2008 after the tension and distance that had set in under President Bush's terms in office.  However, a fundamental philosophical difference at the level of ideas concerning economic governance and the proper response to economic crises has complicated US-EU relations over the past 4 years.  Keep an ear to the ground for discussions of these topics once you get to Brussels, and post your comments here!

(Photo: Joerg Rueger/German ministry of finance, via EU Observer)

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