Transatlantic Fates Are Intertwined
Mulvaney, Sean
AICGS Advisor, American Institute for German Contemporary Studies (AIGCS), May 27, 2010, online edition
"No region of the world has a greater stake in Europe's resurrection from this sovereign debt crisis than the United States. Not Asia. Not Africa. Not South America. Almost $3 billion in trade and investment flows pass over the Atlantic each day. A fifth of America's trade (exports and imports) is with the European Union. Significant amounts of this trade represent transactions among U.S. and European companies in support of the transatlantic marketplace and U.S. and European global competitiveness."
Sean Mulvaney is director of the Economic Policy Program at The German Marshall Fund of the United States.
http://www.aicgs.org/analysis/c/mulvaney0510.aspx
F5/02-10, posted June 21, 2010
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