Click Here to Go Directly to the Story

 
 


U.S. EDITION
Full Table of Contents
Cover Story
Special Report -- Wireless Internet
Editor's Memo
Up Front
Readers Report
Corrections & Clarifications
Books
Technology & You
Economic Viewpoint
Economic Trends

Industry Insider
Business Outlook
News: Analysis & Commentary
In Business This Week
Washington Outlook
International Business
Science & Technology
Developments to Watch
Finance
Industries

The Corporation
People
Media
Social Issues
BusinessWeek Investor
The Barker Portfolio
Inside Wall Street
Figures of the Week
Editorials


INTERNATIONAL EDITIONS
International -- Readers Report
International -- Asian Business
International -- European Business
International -- Latin America
International -- Int'l Figures of the Week
International -- Editorials




APRIL 29, 2002

INTERNATIONAL -- EDITORIALS

The Atlantic Alliance Needs Tending

 
  STORY TOOLS
Printer-Friendly Version
E-Mail This Story

The U.S. and Europe. These days, they bicker almost like a couple whose long marriage is in danger of unraveling. The litany of misunderstandings and mutual resentment seems to be growing. From the death penalty to steel tariffs, from the Israeli-Palestinian conflict to military spending, there is an abyss between American and European positions on innumerable issues.


Each side feels the other isn't shouldering enough of the burdens facing both. The Europeans see an unbending posture, from the Bush Administration's protecting inefficient U.S. steel companies to its threats to take out Iraq's Saddam Hussein--alone, if necessary. U.S. policymakers, for their part, are losing patience with Europeans' inability to get serious about defense spending. The war in Afghanistan has brought home the reality that much of Europe has fallen behind in military technology. And Washington is annoyed at Europe's feckless attempts at economic reforms. As a result, Europe couldn't play the role of economic locomotive to help pull the U.S. out of its downturn in 2001. This year, Europe is set to grow less than the U.S. once again.

Relationships in trouble can be fixed, and this one had better be. In a world increasingly fraught with danger, European leaders must commit themselves to bigger military budgets or risk being marginalized by the U.S. military machine. The $45.1 billion hike in military spending the Bush Administration is pushing for next year is $12.1 billion more than the entire defense budget of France. The U.S. could help by opening up more of its vast military market to European partners. And Washington should realize that in many global challenges a smart multilateral approach can be much more effective than unilateralism.

A world in which the U.S. and Europe go off on their own, in which the Atlantic alliance is reduced to mere lip service to ideals long since abandoned, is a frightening one.




Get BusinessWeek directly on your desktop with our RSS feeds.XML

Add BusinessWeek news to your Web site with our headline feed.

Click to buy an e-print or reprint of a BusinessWeek or BusinessWeek Online story or video.

To subscribe online to BusinessWeek magazine, please click here.

Learn more, go to the BusinessWeekOnline home page

Back to Top

APRIL
TODAY'S MOST POPULAR STORIES

  1. Microsoft's Online Chief Signs Off
  2. The Real Question: Should Oil Be Cheap?
  3. House Helps Fannie and Freddie
  4. It's Too Darn Hot
  5. Why India Will Beat China

Get Free RSS Feed >>
  MARKET INFO

Portfolio Service Update

Stock Lookup

Enter name or ticker



Media Kit | Special Sections | MarketPlace | Knowledge Centers
McGraw-Hill Cos.